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LATEST NEWS

Covid-19 and risk mitigation actions hit retail sales in China

23 March 2020
Life is starting to return to ‘normal’ in China after the Covid-19 epidemic there. This ‘normal’ life includes mandated requirements to wear masks in public and in offices, no air conditioners and regular and constant temperature checking of everybody as they move around the cities. As well, mills are coming back into production. This is good news and hopefully will bring increased orders from mills keen for raw wool. However, elsewhere around the world we are seeing the opposite as cities,…

National Auction Selling Committee arrangements for auctions - Covid-19 at 23rd March 2020

23 March 2020
A Working Group of the National Auction Wool Selling Committee which meets daily at 8am AEDT to discuss developments and the situation with COVID-19 as it affects the Australian wool auctions. NASC has implemented recommendations from the Working Group in risk mitigation for the Sale rooms, including the location of sale rooms, personal and equipment hygiene, social distancing and restricting access to essential personnel from brokers, buyers and support staff. Specifically these include…

Oil prices fall sharply but general commodity prices only moderately affected

16 March 2020
While wool prices have pulled back in the past few weeks, this is nothing on the decline in oil prices which dropped by 30% this week alone, driven lower both by the Covid-19 pandemic and a refusal by Russia to limit supplies. The plunge in oil prices has pushed prices below the low of January 2019, although oil prices remain well above the levels at the start of 2016. So far, prices for other commodities such as metals and food have not fallen much, although they have eased back. That may well…

Lower volumes of superfine wool tested for 2019/20 season to date

11 March 2020
The latest data from AWTA shows a sharp fall in the volume of wool tested in February compared with February 2019, for Australia and for each state. Overall, the weight of wool tested in Australia fell by 10.3% in February. For the 8 months of this season to February, the weight of wool tested was 5.7% lower than for the same period in 2018/19. There were some very large declines by state in February based on Wool Statistical Area data, led by a 32% drop in wool tested in Tasmania (albeit one…

NCWSBA Members and Guests Celebrate the NCWSBA Centenary

11 March 2020
NCWSBA celebrated its Centenary on 20th February with 2 auctions and a reception. The NCWSBA Centenary Wool Auction was held at the Peter Calvo Auditorium of the Australian Institute of Music in King St, Melbourne. It was a great event with Melbourne buyers out in force to support and bid for the 200 lots on offer. We also had a large number of growers, broking staff, industry people and others observing the auction, both at the back of the auction floor and in the mezzanine viewing area. The…

Average premiums for Non-Mulesed wool remain strong

02 March 2020
AWEX has provided updated results on the average price differences paid in the 2019/20 season to the end of January for wool with the various mulesing statuses. The data shows that the average premiums paid for non-mulesed Merino wool at auction in the July 2019 to January 2020 period remained high. The highest statistically sound premium was paid for 16 micron wool at 99 cents/kg, but the premiums for wool from 20 micron and finer were all above 40 c/kg. The premiums for 17 and 18 micron wool…

NCWSBA Celebrates its Centenary

17 February 2020
More than 200 hundred people will come together this week to celebrate the centenary of the National Council of Wool Selling Brokers of Australia. The centenary will be marked by the NCWSBA Centenary Auction to be held on Thursday, 20th February 2020, which will be followed by a cocktail reception featuring a charity auction in support of the Michael Manion Wool Industry Foundation. President of the NCWSBA, John Colley, said “The Australian wool industry is an iconic part of Australia’s history…

Slump in US imports of wool clothing from China due to penalty import duties

17 February 2020
The Covid-19 outbreak isn’t the only challenge that the wool textile industry in China is facing. The industry is also dealing with the impact of the additional 15% import tariffs imposed by the US on imports of wool apparel from China in September. After a sharp decline in imports of wool clothing from China by the US, this decline continued in October and November. The quantity of US imports of wool clothing from China slumped by 44% year-on-year in October and by a further 34% in November.…

Weight of wool tested down by 5% to end January

17 February 2020
At the start of February, AWTA released the data on wool tested in January. It shows that after the unexpected year-on-year 15% jump in December, the weight of wool tested was lower than year earlier levels in January. However, the year-on-year decline of 4.3% for the month was a much smaller decline than seen between July and September 2019. As a result, the weight of wool tested for the seven months July to January was 5% lower than for the same period in 2018/19. This year-on-year decline is…

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The National Council of Wool Selling Brokers of Australia

 

News Flash

NCWSBA celebrated its Centenary on 20th February with 2 auctions and a reception. The NCWSBA Centenary Wool Auction was held at the Peter Calvo Auditorium of the Australian Institute of Music in King St, Melbourne. It was a great event with Melbourne buyers out in force to support and bid for the 200 lots on offer. We also had a large number of growers, broking staff, industry people and others observing the auction, both at the back of the auction floor and in the mezzanine viewing area. The auction was opened by NCWSBA President, John Colley, who noted that the first Board of NCWSBA met for the first time in January 1920 in the building.

A total of 1,352 bales were offered in the 200 lots by 12 broker members of NCWSBA – Rodwells, Elders, WISS, Landmark, Jemalong, Schute-Bell, Macdonald & Co, AWN, Wool Solutions, Michell Direct, Roberts Wool and Rhodes Wool. 1,316 bales in 195 lots were sold as the buyers bid enthusiastically. AWH was on hand using its WoolEx auction trading platform. I would like to thank AWH for the significant effort put in by its IT group and the on-the-ground staff.

After the auction finished, we then moved to the Intercontinental – The Rialto for the Centenary Cocktail Reception. Around 200 wool broking staff, wool growers, wool buyers and exporters, industry representatives, staff from some of the sponsoring companies and past Presidents and Executive Directors attended the reception. The President, John Colley, gave a short speech. He noted that NCWSBA was formed following discussions between the various state wool broking organisations who were concerned about the significant stockpile of wool which had been paid for by the British Government under the compulsory war acquisitions scheme but had not been delivered. They feared it would cause wool prices to fall as the new seasons production became available. The National Council of Wool Selling Brokers of Australia was formed with the intention that it would operate for 2 years to negotiate with the Australian Government on the war wool stockpile. Yet, here we are 100 years later celebrating the Centenary! John also reminded the audience about the industry issues that the NCWSBA had addressed in its 100-year history.

We honoured the past Presidents and past Executive Directors who were present: Don Fraser (President, twice - between 1997 and 2000 and again in 2005/2006); Robert Ryan (President, twice - between 2000 and 2003 and between 2006 and 2010); Kym Gunn (President, between 2012 and 2014); Simon Hogan (President, between 2014 and 2016); Lionel Ward (Executive Director, between 1992 and 1997) and John O’Connor (Executive Director, between 1997 and 2008).

We then recognised and honoured the sponsors: AWH, Bayer Australia, AWTA Ltd, Talman, Techwool Trading, Swan Wool Processors, AWRX, United Wool Company, Heiniger, PJ Morris, NAB, Pack-tainers, Lempriere, New England Wool, Reda, Endeavour Wool Exports, Grampian Wools, Michell Wool/ioMerino, Modiano Australia, Merino & Co, Southern Aurora, G Schneider Australia, Ermenegildo Zegna, Winnipeg Handling and United by Wool.

A highlight of the Cocktail Reception was a charity auction of items (mainly wool-related items and gift vouchers) donated by a number of companies: Ermenegildo Zegna; Reda; United by Wool, ioMerino, Merino & Co and Elders. The auctioneer was the President, John Colley, supported by NCWSBA Directors Simon Hogan and Stephen Keys, as well as the inaugural NCWSBA Broker Award winner, Kelvin Shelley. There was some excited and enthusiastic bidding among the crowd, and we raised a fantastic total of $16,700 for the Michael Manion Wool Industry Foundation. Thank you to all the bidders.

Ken Stock, the chairman of the Foundation, gave a short speech prior to the auction explaining what the Foundation is and the work it does. You can see more about the charity work it does by going to https://www.woolindustries.org/MMWIF.htm. This was a great effort by all involved and all money raised goes to a very worthy cause.

There were many people who helped make the event a success, including those who attended last night. But there are a few that I would like to extend my personal thanks  as they helped enormously: Shannon Crowe (Landmark), Melissa Mulley (AWIS), Matt Tattersall (Elders), Bianca Heaney (AWIS), Sean Hutton (Australian Institute of Music), Adrian Hook (AWH) and also from AWH - David Mitchell, Darryl Drake and the AWH IT team.

 

National Council of Wool Selling Brokers of Australia

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