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Broker Award

The recognition and promotion of excellence in wool broking
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Get your wall chart with Australian wool industry data from 1979
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Education/information on the Australian wool industry

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LATEST NEWS

Another week, another record EMI, but not in real terms

13 November 2017
The EMI rose to a record level at the end of 10th November 2017. This record is, of course, before taking into account inflation. It is therefore a bit illusory, because $1 now is worth less than it was 5 years ago, 10 years ago, 30 years ago. Once inflation is taken into account, current price levels are well below the extraordinary peak seen in mid-1988. In fact, the EMI at 1652 c/kg in real terms is a touch below the peak at the end of 2002. One thing to keep in mind, though, is that all…

World commodity prices on a cyclical upturn and Merino prices leading the way

30 October 2017
Australian Merino wool prices have enjoyed an extended period of high prices, particularly for superfine wool. This lift in Merino wool prices has been in line with a general lift in asset prices (such as equity markets) and the prices of some other commodities. For example, the EMI in US$ is currently up by 20% year-on-year, while The Economist magazine’s Metals Index is up by 32%. The Economist’s All Items Index is up by only 7%, held back by lower food prices. Oil prices are only 3% higher,…

US wool clothing imports fall to decade lows

23 October 2017
US imports of wool clothing were down by 13% in the first eight months of 2017, continuing the decline seeen over the past 20 months. According to the latest available data from the US Office of Textiles and Apparel (OTEXA), the US imported a total of 99.1 million square metres of wool clothing in the January-August 2017 period, the lowest for the eight month period since 1993. The total import value for the eight months in 2017 was US$1.76 billion, the lowest total since 2009 when the Global…

Encouraging growth in retail sales of clothing in 2017 to date

16 October 2017
Consumer confidence levels are high in many of the major wool consuming countries so we could hope that consumers are spending more on products, incuding on clothing. The latest data on retail sales of clothing in the key wool consuming countries is mixed but quite encouraging. The latest data on growth rates show that clothing retail sales in the full 2016 year were generally lower than in 2015 and lower than in previous years for a number of countries but clothing retail sales in China,…

Australian wool export value hits 14-year highs

09 October 2017
Australian wool exports have continued to rise strongly in the first two months of 2017/18, according to data from the Australian Bureau of Statistics which was released yesterday. The volume of wool exported was 11% higher in the July-August period compared with the same period in 2016 and the value of exports jumped by 21% year-on-year. Almost all the major export destinations recorded strong lifts, with the exception of South Korea with exports declining. The largest increases in the volume…

ABARES’ bullish forecast for the Australian Wool Industry

02 October 2017
ABARES, the Australian Government’s agricultural commodity forecaster, has released bullish forecasts for the Australian wool industry. It predicts that the value of Australia’s wool exports will lift by 13% to $4.09 billion. If achieved, this will be the largest annual export value for wool since 1994/95. ABARES attributes the sharp increase in the value of Australia’s wool exports to a 3% lift in the volume of wool exports and a 10% increase in the average price paid for wool in 2017/18…

Chinese currency rises against the US$

25 September 2017
In the past, the US$ has been a relatively good guide for movements in the EMI against the Chinese currency, the renminbi, largely because the renminbi is partially pegged to the US$. However, recent currency movements suggest that we may have to rethink that. Since the start of 2017, the renminbi has appreciated by 4.9% to 6.59 yuan/US$ (units of the renminbi are known as yuan). This is less than the 7.3% appreciation seen for the $A against the US$ since January. At the same time, the Euro…

EMI hits record levels against synthetics and cotton

08 September 2017
With the recent lift in prices for Merino wool and a higher A$ against the US%, the EMI has risen by 75 UScents or almost 7% since the start of the season. The EMI is 22% higher in US$ than a year ago. Prices for other fibres have been much less volatile than the prices for wool. Cotton prices have slid since July and remain a little below year earlier levels. Synthetic fibre prices have eased higher since June, although they are 11% higher than a year earlier. As a result of these changes, the…

NCWSBA Logo Welcome

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The National Council of Wool Selling Brokers of Australia

 

News Flash

  • MEDIA RELEASE: Premiums for Non-Mulesed Wool on the Rise

    The premiums for non-mulesed wool are rising and becoming substantial for some Merino wool, according to data released by AWEX. NCWSBA believes that it is vital that all Australian wool producers are informed of these rising premiums.

    The statistically-sound data shows that the premiums for non-mulesed wool averaged between 13 and 30 cent/kg in 2016/17 for Merino wool 21 microns and finer. This is up from between 1and 15 cents/kg 2015/16 and from between -3 and 16 cents/kg back in 2010/11.

    John Colley, President of NCWSBA, said “This is an important piece of information for Australian woolgrowers, confirming the market feedback of rising interest in non-mulesed wool among retail brand companies in using non-mulesed wool in their product ranges.”

    “These premiums are averaged across all wool sold in Australia by micron category. NCWSBA is aware of much higher premiums being offered by some companies for specific contracts. I hope that these premiums begin providing an incentive to producers of non-mulesed wool and offsetting the increased cost of moving away from mulesing.”

    NCWSBA also notes that discounts are emerging for lots of Merino wool that do not have a National Wool Declaration.

    NCWSBA and its members encourage all producers to declare their wool, regardless of mulesing status of their wool. It is vital that buyers of Australian wool, including the retail brand companies, know where the largest and most important wool industry in the world stands.

    “NCWSBA members are aware that overseas mills are seeking mulesing status declarations for Crossbred wool as well as for Merino wool, so it is important for all producers to declare their wool.”

    NCWSBA represents the majority of Australian wool brokers, with members accounting for over 87% of wool sold at auction in Australia in 2016/17. It is the only national organisation representing Australian wool brokers in Australia and internationally. More details about the organisation can be seen at www.woolbrokers.org.

     

    RELEASED BY:
    Chris Wilcox, Executive Director
    Mobile: 0419344259.
    Email: chris.wilcox@woolindustries.org

National Council of Wool Selling Brokers of Australia

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