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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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October

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September

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July

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May

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April

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February

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January

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LATEST NEWS

Sheep slaughter numbers up 25%

30 April 2018
Despite positive intentions among Australian woolgrowers to maintain or increase their breeding ewe flocks, the latest available data from the Australian Bureau of Statistics shows that the number of sheep slaughtered was 25% higher in the eight months of this season to February 2018 compared with the same period last season. At the same time, saleyard prices for sheep for slaughter remain at high levels despite the added supply. After remaining below year-earlier levels for more than 2½ years…

Price premium for Merino wools over other fibres remain near historic peaks

23 April 2018
Since December, Australian Merino wool prices in US$ have lifted by between 3% and 21%, with the most significant increases seen for 21-23 micron wools. Fine and superfine wools (i.e. 19 micron and finer) have seen more modest increases of 3% to 5%, because they had experienced strong rises throughout 2017. Broader wools from Australia (such as 28 micron) have seen prices lift by 20% after languishing for some time. At the same time, prices for the main competing fibres of cotton, acrylic and…

Australian wool exports keep rising

23 April 2018
The Australian wool export data for February shows that that wool exports lifted by 16% in volume terms and by 40% in value terms. As a result, the volume of wool exports in the first eight months of the 2017/18 season was 7% higher than for the same period in 2016/17. The value of wool exports was 24% higher for the July 2017 to February 2018 period at $2.418 billion. The volume of exports to China was 25% higher year-on-year in February while the value was 49% higher. Other top 10 countries…

Clothing retail sales improving

23 April 2018
Consumer confidence around the world is at high levels and these set the scene for increased consumer spending, including on wool clothing. It is interesting to see whether these high confidence levels were reflected in retail sales over the recently completed Autumn/Winter season in the Northern Hemisphere. The good news is that retail sales of clothing over the Northern Hemisphere Autumn/Winter was mostly positive. The growth in retail sales of clothing was higher in Autumn/Winter 2017 than…

Lower wool production in Australia in 2018/19

23 April 2018
The Australian Wool Production Forecasting Committee (AWPFC) met on Wednesday, 18th April and decided on its updated forecast of Australian shorn wool production for 2017/18 and its first forecast for 2018/19. These forecasts were released on 20th April. The updated AWPFC forecast of shorn wool production for 2017/18 of 338 mkg greasy (a slight 0.6% fall compared with 340 mkg produced in 2016/17) is lower than the Committee’s December forecast of 345 mkg. Seasonal conditions have been much…

Looming US-China Trade War a Risk for the Wool Market

26 March 2018
The announcement by the Trump Administration last week that the US will impose a 25% import duty (aka tariff) on US$50-US$60 billion worth of imports from China threatens to start a trade war. This would impoverish the economies of all countries involved, most particularly the US. It is very poor timing, given that the US economy is now growing at a healthy clip (fast enough for the US Federal Reserve to again lift interest rates this week) and economic growth in the European Union is picking…

Price premium for 18 micron wool falls back

19 March 2018
The price premium for 18 micron wool over 21 micron wool has fallen back in 2017/18 to date. The premium currently stands at 24% after climbing throughout 2016/17 to a peak of 47% in April 2017. The premium for 18 micron wool has been eroded this season as a result of a faster increase in the price for 21 micron wool compared with that for 18 micron wool. So far this season, the 18 micron price guide has increased by 9%, while the 21 micron price guide has lifted by 20%. In 2016/17, the 18…

ABARES’ very positive outlook for wool

12 March 2018
ABARES, the Australian Government’s agricultural forecasting and research agency, released its new five-year forecasts for Australia’s agricultural industries on 6th March. It is very bullish about wool after the price rises in the past 12 months. It now predicts that the EMI will lift from a season average of 1,630 c/kg this season to an average of 1,700 c/kg in 2018/19 and continue to rise to 2,015 c/kg by 2022/23. ABARES says that the predicted lift in the EMI “…reflects strong demand for…

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The National Council of Wool Selling Brokers of Australia

 

News Flash

  • The Australian Wool Production Forecasting Committee (AWPFC) met on Wednesday, 18th April and decided on its updated forecast of Australian shorn wool production for 2017/18 and its first forecast for 2018/19. These forecasts were released on 20th April.

    The updated AWPFC forecast of shorn wool production for 2017/18 of 338 mkg greasy (a slight 0.6% fall compared with 340 mkg produced in 2016/17) is lower than the Committee’s December forecast of 345 mkg. Seasonal conditions have been much drier than the Committee expected in December, which has resulted in a sharp lift in the number of adult sheep slaughtered. For the July-February period, the number of sheep slaughtered was 25% higher this season compared with 2016/17. As well, Autumn shearings suggest that fleece weights are down in most states. This is reflected in AWTA tests in February and March, which were down by 9%.

    The Committee’s first forecast for the forthcoming 2018/19 season is that shorn wool production will fall by 1.7% to 333 mkg. This will probably be a surprise to casual observers given that Merino wool prices have been at such high levels for an extended period. While growers are keen to rebuild flocks, the dry seasonal conditions in many major sheep producing regions are preventing this.

    Download the full media release AWPFC Media Release 20th April 2018

National Council of Wool Selling Brokers of Australia

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