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LATEST NEWS

Wool Declared as Non-Mulesed and as Pain Relief lifts by 20% in 2017/18

16 July 2018
Data from AWEX on the mulesing status of first-hand wool offered for the full 2017/18 season shows that there was a significant lift of around 20% in the number of bales declared as either Non-Mulesed (NM) or Pain Relief (PR). This increase took the share of NM wool to 11.5%, well above the 9.9% share recorded in 2016/17. The share of PR wool lifted to 31.6%. There was a 9% drop in wool declared as Ceased Mulesed (CM). This may be due to a change in definition for properties to be eligible to…

NCWSBA IS MOVING OFFICE

25 June 2018
From 2nd July the NCWSBA office will be located at the AWH Wool Selling Centre in Tottenham, here in Melbourne. The new address is Gate 4, 29 Frederick Rd, Tottenham Vic 3012. The new email address will be info@ncwsba.org. Chris Wilcox's email address is chris.wilcox@ncwsba.org. The NCWSBA phone number will be +61 (0)419 344 259.

ABARES’ bullish forecast for wool prices

25 June 2018
ABARES (the Australian Government’s agricultural commodity forecaster) recently released its latest forecasts for 2018/19. Its March forecasts were bullish for wool price, and now the June forecasts have been lifted even further. ABARES predicts that the EMI will average 1990 c/kg in 2018/19, up 15.5% from an average of 1723 c/kg in 2017/18. In March 2018, ABARES predicted that the EMI would average 1700 c/kg in 2018/19. So, the forecast annual average has been lifted by 290 c/kg. This is an…

Increased raw wool imports by all major processing countries

18 June 2018
There has been an 11% increase in exports by the five major wool producing and exporting countries for the 2017/18 season to April. New Zealand and Uruguay have seen a very strong increase in exports this season after the dismal declines in 2016/17. Exports from Australia have increased more modestly, exports from Argentina are on par with 2016/17 levels (but have increased strongly in the past few months) why exports from South Africa are down a little. This increase in exports from the five…

Increased volume of Non-Mulesed and Pain Relief wool in Australia

12 June 2018
Data from the National Wool Declaration to May released by AWEX shows a continued increase in the volume of wool being offered at auction that is either declared as Pain Relief (PR) or as Non-Mulesed (NM). However, there has been a drop in the amount of wool declared as Ceased Mulesed (CM). For the 2017/18 season to May, there has been a 20% increase in the number of bales declared as NM and an 18% increase in the number of bales declared as PR. There has been a small 1% increase in the number…

EMI at nominal records, but 1988 level twice as high in real terms

04 June 2018
The sharp rise in the EMI in the past 12 months and particularly in the past month has been terrific news for Australian woolgrowers who grow Merino wool and all growers around the world who have Merino sheep. The move above the $20/kg mark is indeed momentous. However, the record nominal level is illusory as it does not allow for inflation: $1 now is worth less than it was 5 years ago, 10 years ago, 30 years ago. It is worth looking again at prices in real terms (i.e. adjusted for inflation).…

China’s raw wool imports continue to rise

28 May 2018
The latest data on China’s trade in wool and wool products from the China Wool Textile Association shows that imports of raw and semi-processed wool by China increased sharply in March after declining in February. While imports from all sources increased by 39% in March compared with March 2017, the most significant increases were seen for imports from New Zealand (+88%), Uruguay (+86%) and ‘other’ countries (+80%). Imports from Australia lifted by 16%. For the 2017/18 season to March, China’s…

Positive conditions for the global wool textile industry and stocks under control

28 May 2018
The results from the annual survey of wool textile conditions from the IWTO show that business conditions are positive right through the wool textile industry, including for interior textiles. Each sector is seeing above normal activity levels and better than last year. Each sector also reports that activity levels should remain above normal levels to the end of the year. Furthermore, the Survey results suggest that stock levels at each stage are at normal levels. In the case of the early stage…

Value of Australian wool exports at 15 year high

28 May 2018
The latest data from the Australian Bureau of Statistics on Australia’s wool exports shows that Australian wool exports fell in March by 3% in volume terms but increased by 16% in value terms compared with March 2017. The decline in volume was driven by a 6% drop in exports to China. There was also a fall in exports to South Korea and Taiwan. The volume of exports to other countries increased in March. While the volume change was variable, the value of exports to all of the major destinations…

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The National Council of Wool Selling Brokers of Australia

 

News Flash

From 2nd July the NCWSBA office will be located at the AWH Wool Selling Centre in Tottenham, here in Melbourne.

The new address is Gate 4, 29 Frederick Rd, Tottenham Vic 3012.

The new email address will be info@ncwsba.org.

Chris Wilcox's email address is chris.wilcox@ncwsba.org.

The NCWSBA phone number will be +61 (0)419 344 259.

National Council of Wool Selling Brokers of Australia

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