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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

Escalation of US-China trade tensions adds more risk to slowing global economy

20 May 2019
The Trump Administration surprised most observers on 9th May by announcing that 25% import duties would be imposed on around US$200 billion of imported products from China (an increase from the existing 10% duty), effective immediately. On investigation, the products on which the 25% will be imposed are essentially the same set of products the US announced last September. The US didn’t impose the higher duties at the time as China came to the negotiation table. Those negotiations have now…

Australian wool export value hits 21 year high

13 May 2019
The latest data from the Australian Bureau of Statistics on Australia’s wool exports shows that the volume of exports lifted by 4% in March compared with a year earlier, while the value of wool exports lifted by 9% in March. Exports to a number of the major destinations for Australian wool recorded good increases in March, led by a 9% year-on-year increase in the volume of exports to China (while the value of exports to China was 15% higher). The increase in wool export volumes in March comes…

Over half wool at auction Non-Mulesed, Pain Relief or Ceased Mulesed

06 May 2019
The latest statistics on mulesing status shows that for the first time ever, over half the wool offered at auction this season to April was Non-Mulesed, mulesed with Pain Relief or Ceased Mulesed. Almost 70% of wool offered at auction came with a National Wool Declaration. However, the drought in eastern Australia has caused declines in the volume of wool in all mulesing status categories, although the decline in the volume of Non-Mulesed and Pain Relief wool is only small in contrast to the…

Australian shorn wool production forecast in 2019/20 to fall to lowest since 1924/25

29 April 2019
The Australian Wool Production Forecasting Committee (AWPFC) met on Monday and reviewed its forecast of Australian shorn wool production for 2018/19. It also decided in its first forecast for 2019/20. The Committee, based on feedback from the state committees, revised its forecast for 2018/19 down further to 298 mkg greasy. This is a 12.7% decline on shorn wool production in 2017/18. It is lower than the 305 mkg greasy that the Committee forecast in November. Seasonal conditions have remained…

Sustainability, Traceability and Animal Welfare - major themes at the 2019 IWTO Congress

29 April 2019
The major themes through-out the 2019 IWTO Congress held in Venice, Italy on 9th to 11th April were sustainability, traceability, animal welfare and supply chain transparency. These themes were mentioned in virtually every session, from the opening session, through the market intelligence session, the retail session, the wool interiors session to the final session at Benetton. The Congress’ opening session on Tuesday featured Livia Firth, the founder and creative director of Eco-Age, an…

Changing Dynamic for Global Wool Industry

29 April 2019
Chris Wilcox, Executive Director of NCWSBA, gave a presentation at the 88th IWTO Congress in Venice Italy on the situation and outlook for the global wool industry. The theme was “A changing dynamic’, highlighting the significant divergence between the prices for Merino wool (high) and for broad wool (low) which has been evident in the past 2 years or more. In the past, prices for wool across the micron range moved in broadly the same direction. There has been a fundamental change in the…

Economic growth begins to falter but consumer confidence remains high

29 April 2019
There are growing fears that economic growth around the world is slowing at a faster rate than expected. This quicker than expected slow-down in growth comes after a synchronised lift in economic growth in 2017 and 2018 around the world, led by a strong pace of economic growth in the US which was fuelled by wide-ranging tax cuts implemented by the Trump administration. This has led to very low unemployment levels in the US and rising wages. In response, the US Federal Reserve started to lift…

China’s wool clothing exports fall in 2018

25 March 2019
The data on the wool trade for China for the full 2018 year shows that China’s exports of wool top, wool yarn and wool fabric rose by between 3% and 7% in 2018. However, its exports of finished wool products fell away. The largest drop of 36% was for woven wool garments. You may remember that exports of these products saw a massive jump in 2017, driven by exports to Nigeria and some other African countries. The Chinese industry attributed the increase to the Belt and Road Initiative. It seems…

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The National Council of Wool Selling Brokers of Australia

 

News Flash

The NCWSBA Wool Broker Award for 2019 has been launched! This is the eighth year the Award has been offered. This year there is new media sponsor – Sheep Central. AWTA remains as the industry sponsor. The Award recognises excellence in wool broking by a younger member of our industry – be it client servicing, auctioneering, innovation or other aspects of wool broking. This year’s Award winner will be granted an all-expenses paid trip Tongxiang in the Zhejiang Province, China to attend the 2020 IWTO Congress in May 2020. Arrangements will also be made for the Award winner to visit the wool textile industry in China.

The Finalists for the 2019 Award will be profiled in Sheep Central online news website in the lead up to Wool Week and the NCWSBA Annual General Meeting on 22nd August. This year’s Award winner will be announced at the Wool Week dinner to be held in the RACV Club Dining Room in Melbourne.

Nominations are open for the 2019 NCWSBA Wool Broker Award. Closing date for nominations is Friday, 21st June. Please contact NCWSBA for an application form – chris.wilcox@ncwsba.org or call 0419344259.

National Council of Wool Selling Brokers of Australia

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