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Broker Award

The recognition and promotion of excellence in wool broking
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Wallchart

Get your wall chart with Australian wool industry data from 1979
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Education

Education/information on the Australian wool industry

December

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November

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October

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September

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August

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July

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June

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May

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April

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March

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February

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January

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LATEST NEWS

Share of Non-Mulesed wool lifts in Australia despite drought

21 January 2019
The latest data on mulesing status from AWEX is for the first six months of 2018/19. It shows that while a fall in the number of bales declared as Non-Mulesed and Pain Relief in December (down 4% and 10% respectively) and in the July to December period (down 8% and 12% respectively), the decline was much lower than the fall in the total number of bales offered at auction (down 18% in December and 20% for July-December). As a result, the share of Non-Mulesed wool increased to 12.3% for the six…

UK and NZ broad wool prices continue to languish

21 January 2019
While Australian Merino wool prices pulled back in October and November, prices remain at historically high levels. It is interesting to update what has happened to prices in other countries over the past 12 months. There has been a strong ramp up in Merino wool prices since mid-2016 as the Merino price Supercycle took hold. The movements in prices for 28 micron wool have been more muted, but there has been a rising trend since mid-2016. In contrast, prices for broad wool from NZ and the UK (32…

Superfine wool tested rises, sharp drop in total wool tested in November

10 December 2018
The latest statistics on wool tests for November showed a surprisingly large 21% drop in the weight of wool tested in November. At just 32.2 mkg, the weight tested was the lowest tested in the month of November for many, many years. My databases only go back to 2011/12 and the total tested is well below the next lowest, which was 34.3 mkg in 2015/16. The Australian Wool Production Forecasting Committee when it met in 3 weeks ago was not expecting such a collapse in wool tests in November for…

General fall in commodity prices, including wool and other textile fibres

06 December 2018
Wool prices have fallen back from the record levels seen in August. At the same time, prices for other fibres have also pulled back, as have prices for other industrial commodities such as metals and oil. The sharpest declines have been seen for oil, wool and cotton. While each market has its own characteristics and drivers, there are wider forces causing a general decline in commodity prices. This includes the slow-down in economic growth in China, the ongoing trade tensions between the US and…

Online training for Emergency Animal Disease

26 November 2018
There is now a Wool Broker and Livestock Agents Online Training Course available to help prepare for if and when there is an outbreak of an Emergency Animal Disease in Australia, such as Foot and Mouth Disease. The course has been developed under the direction of WoolProducers Australia and SheepProducers Australia with funding from Animal Health Australia. The course is designed to inform and train wool and livestock selling agents about how to recognise and respond to a suspected Emergency…

US clothing retail sales growing strongly in lead-in to Autumn/Winter 2018

26 November 2018
‘Black Friday’ sales are becoming a global phenomenon with Australian retailers embracing it this year (both online and bricks & mortar retailers). ‘Black Friday’ is actually an US tradition since at least the early 1960s, being the day after Thanksgiving when retailers throw open their doors and offer large bargains to entice shoppers and kick off the Christmas and holiday retail season. The Oxford English Dictionary says that one reason it is called ‘Black Friday’ is because it is the first…

Australian shorn wool production down by 10.8% in 2018/19

19 November 2018
The Australian Wool Production Forecasting Committee met on Wednesday 14th November to review its forecast for the 2018/19 season. As I said in the Weekly Newsletter of 12th October, the Committee decided to bring forward its meeting from December to November, partly in response to concern around the world about the wool supply available from Australia this season. The new forecast from the Committee is that shorn wool production will be 305 mkg in 2018/19, down by 10.8% on 341 mkg in 2017/18.…

The End of the 2016-2018 Merino Price Supercycle

12 November 2018
The 9th February edition of the Weekly Newsletter covered the Merino price Supercycles in the past 30 years. These Supercycles differ from the regular price cycles that the wool market experiences - from trough to peak of about 7-9 months followed by a slide to a new trough. These regular cycles are driven by stocking and destocking decisions within the wool textile industry. Every so often we see a Supercycle, one which goes for much longer and involves a much greater increase in prices. The…

Micron price premiums for superfine wool fall

07 November 2018
Since the start of the 2018/19 season to 2nd November, the EMI fell by 164 cents. There have been falls across all microns with the exception of the 32 Micron Price Guide, which has lifted by 6% (from a very low base). The largest fall has been recorded for the Merino Carding Indictor, which is 410 cents or 27% lower. Of the main fleece types, the biggest falls have been for wool of 16.5 micron and finer, which is down by 415 cents (or 14%) since the start of the season. The broad Merino wools…

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The National Council of Wool Selling Brokers of Australia

 

News Flash

The Australian Wool Production Forecasting Committee met on Wednesday 14th November to review its forecast for the 2018/19 season. As I said in the Weekly Newsletter of 12th October, the Committee decided to bring forward its meeting from December to November, partly in response to concern around the world about the wool supply available from Australia this season. The new forecast from the Committee is that shorn wool production will be 305 mkg in 2018/19, down by 10.8% on 341 mkg in 2017/18. This compares with the Committee’s forecast in August of 322 mkg. The Committee reduced the production level after considering the industry data for the first four months of the season. AWTA tests to the end of October were down by 9.7% for Australia and AWEX data on first hand offerings for the season to date were 13.3% lower. Some of this decline will be due to wool that was sold out of stock last season which is not available this year. Allowing for this and the tough seasonal conditions in New South Wales, Queensland, parts of South Australia, Victoria and Western Australia, the Committee decided to reduce its forecast. The lower production is due to both a decline in the number of sheep shorn and in the annual average weight of wool cut per sheep.

Further details and articles on Australian wool exports and wool prices in Australia are included in full edition of the Weekly Newsletter, available to NCWSBA members.

National Council of Wool Selling Brokers of Australia

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