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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

LATEST NEWS

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…

Mixed results for trade in raw wool in 2016/17

04 September 2017
Data on exports from the five major wool producing and exporting countries for the full 2016/17 season shows that total exports fell by 3% compared with the 2015/16 level. This is the second consecutive season that total exports from the five major exporters declined and, at 572 mkg, the total export volume was the lowest in the past decade or more. [The five major wool exporting countries are: Australia, New Zealand, South Africa, Argentina and Uruguay]. Exports from Australia and South Africa…

New President and Vice President for NCWSBA in 2017

28 August 2017
The NCWSBA Board for 2017/18 was announced at the AGM. The Directors for 2017/18 are: John Colley (AWN); Rowan Woods (Jemalong Wool); Simon Hogan (Elders); Andrew Lindsay (RuralCo/Primaries of WA); Alistair Calvert (RuralCo); Geoff Clark (Quality Wool); Robert Ryan (Australian Wool & Pastoral Agency Ltd) and Emma Reynolds (Michells; Independent Director). At the Board meeting on Thursday afternoon, John Colley was appointed the new President of NCWSBA, taking over from Simon Hogan, who has been…
2017 Award finalists
News Flash

Brett Smith wins NCWSBA Broker of the Year for 2017

28 August 2017
Brett Smith of Elders was announced as the winner of the 2017 NCWSBA Wool Broker Award at the Wool Week industry dinner last Thursday evening. Brett and the other two Finalist, Russell Macgugan (AWN) and Candice Cordy (Landmark), gave presentations to the NCWSBA members and the three members of the independent Selection Panel at the NCWSBA Forum earlier on Thursday. The independent Selection Panel, Charlie Merriman (WoolProducers Australia); Ian Ashman (General Manager, AWTA); and Annabelle…

Australian wool production forecast for 2017/18 steady

21 August 2017
The Australian Wool Production Forecasting Committee (AWPFC) met on Wednesday last week and reviewed its forecasts for 2016/17 and for 2017/18. Its new forecasts were released on 18th August. After considering the industry data, seasonal conditions, and input from the state forecasting committees, the Committee has forecast shorn wool production at 340 mkg greasy in 2017/18. This is the same as its first forecast released in April. In reaching its decision on the forecast, the Committee noted…

IMF concerned about risks to China’s economy

21 August 2017
The International Monetary Fund (IMF) on Tuesday released its latest report on China’s economy and it contains some warnings about the need for China to bring its debt levels under control. The IMF predicts that at the current rate, China’s debt to GDP ratio will be close to 300% by 2022. The IMF argues that this is the number one risk to China’s economic growth prospects and could lead to a sharp correction in China’s economy. The IMF urges the Chinese Government to take action to reduce the…

Value of Australian wool exports surges to decade highs

21 August 2017
The Australian Bureau of Statistics (ABS) this week released the data on for June and the full 2016/17 financial year. The data shows that the volume of Australian wool exports increased by 4% in 2016/17 to 327 mkg greasy. This is a solid, but not spectacular rise, given the apparent strength of demand for wool from Australia in 2016/17. The strength of demand is better illustrated by the 14% jump in the value of Australian wool exports to $3.16 billion (the highest since the 2002/03 season).…

Merino wool price relativity against other fibres at highs

21 August 2017
While the Australian wool market has been in an hiatus, the cotton and synthetic fibre markets have continued to operate around the world. Cotton prices, as measured by the CotLook A Index has lifted a little over the past month and polyester staple fibre prices and viscose prices have also risen. Acrylic fibre prices, on the other hand, have eased. Where does this leave wool’s price relativity with these other fibres? The price relativity for 18 micron wool is at or close to record levels…

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The National Council of Wool Selling Brokers of Australia

 

News Flash

  • Brett Smith of Elders was announced as the winner of the 2017 NCWSBA Wool Broker Award at the Wool Week industry dinner last Thursday evening. Brett and the other two Finalist, Russell Macgugan (AWN) and Candice Cordy (Landmark), gave presentations to the NCWSBA members and the three members of the independent Selection Panel at the NCWSBA Forum earlier on Thursday. The independent Selection Panel, Charlie Merriman (WoolProducers Australia); Ian Ashman (General Manager, AWTA); and Annabelle Beale (Fairfax Agricultural Media), then made their deliberated with their decision announced by the new NCWSBA President, John Colley, at the industry dinner on 24th August.

    In making their decision, the Selection Panel noted that the panel found the calibre of all three presentations to be excellent. The Panel also found it difficult to separate the finalists and said that all would be very worthy winners. The Panel noted that the Finalists:
    • Shared a passion and dedication to the wool industry;
    • Demonstrated their commitment to providing outstanding service to their grower clients;
    • Are working hard to educate the next generation of growers; and
    • Had made high quality written submissions and presentations.

    The Panel believed that Brett best met the assessment criteria. In particular, Brett impressed with his innovative approach and his ability to introduce new tools and techniques to assist his clients to get the best possible financial returns. Brett will now go to the International Wool Textile Organisation’s 2018 Congress in Hong Kong Europe in May next year. All travel, Congress and Conference fees and accommodation paid thanks to sponsorship by AWTA and Fairfax Agricultural Media. Visits to mills will also be included.

      From left to right: Award Finalist Russell Macgugan (AWN), Award Winner Brett Smith (Elders) and Award Finalist Candice Cordy (Landmark)

     

     

National Council of Wool Selling Brokers of Australia

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