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Australian Wool Industry Medal launched

18 April 2017
The Federation of Australian Wool Organisations (FAWO) has launched the Australian Wool Industry Medal. Robert Ryan AO, the chairman of FAWO, launched the Medal at the Sydney Royal Easter Show on Friday 7th April. The Medal aims to recognise men and women who have made an exceptional and sustained contribution to the Australian wool industry. National Council of Wool Selling Brokers of Australia is a member of FAWO and I have been involved in development and preparation for the new Award. There…

NCWSBA 2017 Wool Broker Award Launched

14 March 2017
The NCWSBA Broker Award for 2017 has been launched! Sponsored by Fairfax Agricultural Media and AWTA, 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 is the sixth year that it has been offered. The Award winner this year will be granted an all-expenses paid trip Hong Kong to attend the 2018 IWTO Congress in April-May 2018. Arrangements will also be made for the Award…

Young Professionals Programme

04 February 2017
The International Wool Textile Organisation has announced that applications for the Young Professionals Programme at the IWTO 2017 Congress are now open. Open to individuals under the age of 35 working at any stage of the wool supply chain, the IWTO Young Professionals attend the Congress at a reduced rate.

Industry News

Australian value of fine wool exports hits record level in February

18 April 2017
Data on Australian wool exports for February from the Australian Bureau of Statistics shows that the volume of wool exports declined by 10% in February, but the value of exports lifted by 1% for the month compared with a year earlier.For the 2016/17 season to date, Australia’s wool exports were 6% higher by weight and 12% higher by value than for the same period in the 2015/16 season. The main reason for the increase in weight terms is a 13% increase in exports to China. In terms of exports by…

Superfine wool supply down, medium Merino wool supply up in 2016/17 to date

18 April 2017
Data on the volume of wool tested in March from the AWTA shows a strong 14% year-on-year jump in the weight of wool tested for the month. The increase has been inflated a little as the Easter break in 2016 was in the last few days of March, which reduced the number of working days, while the Easter break is in mid-April this year. Given the sharp divergence in prices for superfine wool and prices for medium Merino wool in recent months, it is interesting to see what has happened to the supply…

Australian and South African wool prices lift, NZ and UK wool prices drop in 2016/17

03 April 2017
Merino wool prices in Australia have risen sharply in this season, despite this week’s decline. What has happened to wool prices in some of the other major wool producing countries? The contrast between superfine wool prices in Australia with prices for other wool’s is stark, particularly for broader wool from NZ and the UK. The Australian Eastern Market indicator is currently 19% higher than at the start of the 2016/17 season, while the 18 Micron Price Guide is up by 43%. The South African…

Synchronised economic growth in advanced and developing economies in 2017?

03 April 2017
While there has been much talk about increased buying by China as the driver of wool prices, one factor helping boost demand for Merino wool prices is the state and outlook for the global economy. To my mind, it is economic conditions, good or bad, that is the bedrock of wool prices and particularly for Merino wool. The good news for prospects for wool prices is that world economic conditions are improving and for the first time in seven years it seems that the advanced countries and developing…

Wool exports from New Zealand and Uruguay dive

20 March 2017
There has been a major divergence between Merino and Crossbred wool prices in recent months due to very different demand trends for Merino versus Crossbred wool. This is highlighted by the different performance of wool exports from Australia and South Africa, compared with exports from New Zealand and Uruguay. The vast majority of Australia’s and South Africa’s wool production and exports is Merino wool while New Zealand mainly produces and exports Crossbred wool while Uruguay mainly produces…

Australian wool export value hit a 14-year peak

14 March 2017
Australia’s wool exports are on a cyclical upturn, with the value of the 12 month aggregate of wool exports (i.e. from February 2016 to January 2017) hitting a 14-year peak in January.There was a sharp lift in Australian wool exports in both volume and value in January. Wool exports from Australia lifted by 25% in volume and 36% in value in January compared with a year earlier. The main driver was a leap in exports to China which more than offset significant declines in exports to the Czech…

EMI in real terms less than half the 1988 peak

06 March 2017
6th March 2017 While the Eastern Market Indicator is now at the highest level since June 1988 in nominal terms (on a like-for-like basis), what about in real terms (i.e. once inflation is considered)? Once inflation is taken into account, the EMI is well below the extraordinary peak seen in mid-1988. In fact, the EMI at 1500 c/kg in real terms is less than half the peak of 3470 c/kg recorded in April 1988. It is also only equal to the peak seen in 2011 and below the peak of 1676 c/kg in…

China’s Trade Data Shows a Very Mixed Picture

01 March 2017
Data on China’s trade in wool and wool products for December shows that China’s imports of raw and semi-processed wool jumped in December. Compared with a year earlier, total imports were up by 42%, with a 49% year-on-year leap in imports from Australia and a 93% jump in imports from South Africa. China’s imports from New Zealand had fallen for 14 out of the previous 15 months, but increased by 37% in December. After 12 consecutive months of declines, imports from Uruguay increased by 36%.…

Where do Current Wool Prices Sit Historically?

20 February 2017
The EMI is at the highest level in A$ since July 1991 on a like-for-like basis but none of the micron price guides are at the highest level. Only the Merino Carding Indicator is currently at the highest-ever level (although AWEX has only been reporting this series since July 2003). Nevertheless, the prices as at 17th February in A$ terms for the various Micron Price Guides for Merino wool were at the 90th percentile or better. Crossbred wool prices were below the 90th percentile. The current…

NCWSBA News

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

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