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Broker Award

The recognition and promotion of excellence in wool broking
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LATEST NEWS

Finalists Announced for NCWSBA 2019 Wool Broker Award

15 July 2019
There was a strong field of applicants for the NCWSBA Wool Broker Award this year. The independent Selection Panel of Ed Storey (President, Woolproducers Australia), Ian Ashman (General Manager, Raw Wool, AWTA) and Terry Sim (Senior Journalist for Sheep Central) met on Friday, 12th July and, after reviewing the five applications, agreed on the Finalists for the 2019 NCWSBA Wool Broker Award. The three Finalists are: Samantha Wan (Elders, Victoria)Russell Macgugan (AWN, Victoria) andMatthew…

Price differential between medium and superfine wool closes

15 July 2019
Prices have been on a bit of a roller-coaster in recent months, albeit on a general downwards trend as prices pull back from the peak in the Supercycle. While all Merino wools have seen prices fall back in the past few months, the relatively larger declines have been seen for wool of 18.5 micron and finer. Prices for this wool are down by 14%-17% since February. In contrast, medium Merino wool of 21 to 23 micron are down by 9%-12%. Prices for Crossbred wool of 26 micron to 30 micron have fallen…

Wool tests, auction offerings and sales down in 2018/19

08 July 2019
After slumping by almost 26% in June, the total weight of wool tested by AWTA for the full 2018/19 season fell by 11.7%. The impact of the drought is seen clearly in the results, notably in New South Wales (NSW) where the drought has hit the hardest. NSW saw wool test volumes fall by over 19% in 2018/19 to the lowest for many, many years. Most other states recorded significant drops. Victoria, the second largest state, recorded a fall of 8.1% but only back to levels seen in 2015/16. The amount…

Australian wool prices fall in 2018/19 as the 2016-2018 Supercycle comes to an end

01 July 2019
The spectacular price rise seen in the 2017/18 season continued in the early months of the 2018/19 season, but ultimately prices fell back by the end of the 2018/19 season. The 2016-2018 Supercycle reached a peak in August 2018 with a week-ending record price of 2116 c/kg. Prices dropped back from the peak over Spring 2019, before bouncing back up in the first two months of 2019 as wool supply dried up due to the drought. Prices then turned down and the EMI fell by 531 c/kg from the close of…

Global raw wool demand declines, led by China

24 June 2019
Australian wool prices have fallen steadily in the past few months due to lower demand for raw wool. This fall in demand is illustrated by the decline in the volume of wool exported by the five major wool exporting countries. For the 2018/19 season to April, total wool exports from these five countries were 11% lower than for the same period in 2017/18. At just 455 mkg greasy, it is the lowest total export volume from these countries at least since 2009/10 and probably for many years. There was…

Wool with a National Wool Declaration hits 73% in May

17 June 2019
The latest statistics on mulesing status from AWEX shows that the proportion of wool offered with a National Wool Declaration in May hit 73% for the month, the highest proportion ever. Furthermore, 55% of wool offered at auction declared as Non Mulesed (NM), Pain Relief (PR) or Ceased Mulesing (CM), also the highest ever. NM-declared wool was 13.6% of the wool offered (a monthly record), PR was 37.9% of all wool offered and CM was 3% of wool offered at auction. For the 11 months to May, the…

On-going drought hits wool volumes and quality

12 June 2019
The drought in significant parts of Australia over the past 18 months or so has been felt severely in wool production volumes and wool quality in 2018/19 and will continue to be felt over the next six months even if rainfall continues to be better than average over winter and spring. According to data from AWTA Ltd, the weight of wool tested for Australia was 17.3% lower in May compared with May 2018, with declines of almost 30% in NSW and Queensland and significant year-on-year falls in…

Sheep and lamb prices hit record levels in Australia

03 June 2019
One of the challenges to a recovery in wool production in Australia is the attractive alternative for growers to sell their lambs and sheep for meat production. This has intensified this year with the long-running drought in many regions in the eastern half of Australia. The combination of the drought (which has reduced the number of lambs available both for flock rebuilding and for slaughter) and continuing growth in demand for lamb and sheepmeat (notably for export) has seen prices for both…

China vital to the US as a wool clothing supplier

27 May 2019
The trade dispute between the US and China seems to be contributing to a slowdown in the Chinese economy and a dip in Chinese consumer confidence. The Chinese Government has responded to this slow-down in the Chinese economy by loosening monetary policy. It has also orchestrated a sharp devaluation of the Chinese currency, the Renminbi, against the US$. This will make Chinese esports more competitive, particularly in the US even with the new 25% duty on some products. However, no wool clothing…

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The National Council of Wool Selling Brokers of Australia

 

News Flash

There was a strong field of applicants for the NCWSBA Wool Broker Award this year. The independent Selection Panel of Ed Storey (President, Woolproducers Australia), Ian Ashman (General Manager, Raw Wool, AWTA) and Terry Sim (Senior Journalist for Sheep Central) met on Friday, 12th July and, after reviewing the five applications, agreed on the Finalists for the 2019 NCWSBA Wool Broker Award.

The three Finalists are:

Samantha Wan (Elders, Victoria)
Russell Macgugan (AWN, Victoria) and
Matthew Chambers (Landmark, Western Australia).

The three Finalists will give a presentation in support of their application at the NCWSBA Annual General Meeting and Forum on Thursday, 22nd August at the RACV Club, in Bourke St, Melbourne. The independent Selection Panel will be present at the AGM and Forum, and will make their decision on the winner later that day. The winner will be announced at the Wool Week dinner held at the RACV Club in Melbourne in the evening of 22nd August.

The NCWSBA Wool Broker Award has been awarded since 2012 and recognises excellence in service to woolgrowers, auctioneering and/or innovation by an outstanding wool broker employee who is working for a NCWSBA member and has been in the wool broking industry for 10 years or less. The prize in 2019 is a fully paid trip to attend the 2020 congress of the International Wool Textile Organisation to be held in Tongxiang, Zhejiang Province, China in May 2020. Arrangements will also be made for the 2019 Award winner to visit the wool textile industry and retailers in China. The Award has been made possible by the generous support of the Award Sponsors – AWTA Ltd and Sheep Central.

For the first time, the other Finalists for the 2019 Award will be presented with a suit length of fine wool fabric produced by Reda, a leading Italian wool company.

National Council of Wool Selling Brokers of Australia

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