News Flash

NCWSBA has reservations about WoolQ

06 March 2018
There are reservations among Australian wool brokers about Australian Wool Innovation’s development of WoolQ, according to the National Council of Wool Selling Brokers of Australia. These reservations raise questions about why AWI has agreed to fund the development of WoolQ. John Colley, President of NCWSBA, said that the Board of NCWSBA discussed WoolQ and expressed concerns about why AWI had decided to proceed with its development.“The Australian wool market is thriving, as can be seen by the…

Australian wool production to lift a little in 2017/18

15 December 2017
The Australian Wool Production Forecasting Committee (AWPFC) has revised its forecast of shorn wool production for the 2017/18 season upwards to 345 million kilograms greasy, a 1.4% increase on its final estimate of 340 mkg for the 2016/17 season. The increase in shorn wool production in 2017/18 reflects an increase the number of sheep shorn as producers respond to the high wool prices. This will be partly offset by a small fall in the average wool cut per head due to drier seasonal conditions…

NCWSBA celebrates the history of wool broking in Australia

30 November 2017
The National Council of Wool Selling Brokers of Australia today opened its inaugural wool broking industry historical display at the Melbourne Wool Selling Centre. The permanent display celebrates the history of the wool broking industry in Australia. NCWSBA President, John Colley, opened the display, saying “The Australian wool industry is an iconic part of Australia’s history and its economy. Wool broking companies have been a vital part of that history and the industry’s contribution to the…

Industry News

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…

Accelerating global economic growth driving commodity prices

05 March 2018
The rise in wool prices in Australia has been driven in part by the coordinated acceleration in economic growth in the US, Europe and Asia. This has helped push the prices for industrial commodities steadily higher, including wool. Over the past ten-year or more, the trends for each commodity follows the same, overall ebbs and flows. For example, the current price rise for Australian wool is following the general rising trend in prices for industrial commodities such as metals and oil. No doubt…

International wool price comparisons – Merino up, broad wool languishes

26 February 2018
It is interesting to compare the recent trends in international wool prices. Merino wool prices continue to power ahead to new heights, with no signs yet of sliding. Meanwhile, prices for medium Crossbred wool from Australia have recovered a little from the lows seen at the start of 2017. In contrast, prices for broad Crossbred wool from both NZ and the UK stumble along at 8-year lows, with not much sign of an improvement. However, I think that a recovery may be close at hand. As I reported in…

Consumer confidence hits peaks, triggers lift in retail sales

21 February 2018
With Merino wool prices doing so well, it is timely to see what the situation is in the major retail markets for wool and see how retail sales have been going in the Northern Hemisphere Autumn/Winter The good news is that consumers in the major wool consuming countries (the US, countries of the European Union, China, Japan and South Korea)are feeling more and more confident about current economic conditions. Consumer confidence in the US continues to rise steadily and currently sits near the…

A Supercycle for Merino wool prices

12 February 2018
The wool market experiences regular price cycles from trough to peak and then back to a trough. These cycles are driven by stocking and destocking decisions within the wool textile industry and it tales about 7-9 months from trough to peak. Every so often we see a Supercycle, one which goes for much longer and involves a much greater increase in prices. In the past 30 years there have been four such Supercycles and I think the current market is the fifth such Supercycle. The duration of the…

China’s wool clothing product exports up and down in November

06 February 2018
The latest data available from China on its exports of wool products for November 2017 is rather mixed. After the strong rise in exports of wool woven clothing from November 2016 to July 2017, exports have declined for each month over the past four months. There was a 28% drop in November, with declines in exports to all of the major destinations, with the exception of South Korea. Even so, exports of wool woven clothing in 2017 to November was still 63% higher than for the same period in 2016.…

Global cotton prices surge to near four-year highs

29 January 2018
There has been a surge in cotton prices in recent weeks. Cotton prices, as judged by the CotLook A Index (a global benchmark indicator for cotton), have jumped by 18% since mid-November to 94.1 USc/lb (or 207.5 USc/kg). This is the highest level in almost four years (May 2014). The jump has caught observers and analysts by surprise because there are still large stocks held around the world, mainly in China. At the end of the 2016/17 season, stocks were equal to 76% of the annual consumption of…

General rise in global industrial commodity prices

29 January 2018
In addition to a lift in fine wool prices, there has been a general rise in the price for industrial commodities (that is, non-food) in the past 12-18 months. Prices for metals, oil and fibres have all lifted since the start of 2016 (the chart shows prices indexed with January 2016 as the base). Since January 2016, Australian wool prices are up by around 50%, much the same as the lift in metals prices. This is a very impressive lift, but the most significant rise is in oil prices, which have…


Winner of the 2016 NCWSBA Broker Award Announced

25 August 2016
The Winner of the 2016 NCWSBA Wool Broker Award was announced at the Wool Week dinner in Melbourne on 25th August. The Winner of the 2016 Award is Lachlan Sutton of Elders. In making their decision, the Selection Panel noted they found the calibre of all three presentations to be excellent. They also found it difficult to separate the finalists and that all would be very worthy winners. The Panel noted that some of the most pleasing aspects from the finalists were: their obvious passion and…

Winner of the 2015 NCWSBA Broker Award Announced

27 August 2015
The winner of the 2015 National Council of Wool Selling Brokers of Australia’s Wool Broker Award to recognise excellence in wool broking in Australia has been announced. Matthew Thomas of Landmark was selected by the independent Selection Panel as the winner. Andrew Howells of Elders and Todd Clark of Schute-Bell were the other two Finalists. The independent Selection Panel made their decision after the three Finalists gave presentations to at the NCWSBA Annual General Meeting held on Thursday,…

National Council of Wool Selling Brokers of Australia



You need to enable user registration from User Manager/Options in the backend of Joomla before this module will activate.