News Flash

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.

2017 IWTO Congress

01 December 2016
The International Wool Textile Organisation has just announced that the 2017 IWTO Congress will be held between 3rd and 5th May 2017 in Harrogate, North Yorkshire in the United Kingdom. Harrogate is in region that was and remains the major wool textile centre in the United Kingdom.

Industry News

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…

Value of Wool Exports Surge to 14 Year High

13 February 2017
The latest statistics from the ABS on Australian wool exports show that both the volume and value of exports from Australia lifted in December. Wool export volumes increased by 6%, with exports to the Czech Republic up by 20% and exports to Italy 22% higher than a year earlier. For the first six months of the 2016/17 season (to December), the volume of exports was 7% higher at 156.4 mkg greasy. This was mainly due to a 14% lift in exports to China, which has brought China back up to the same…

Superfine Premiums Lift Above Long-Term Average

06 February 2017
Superfine wool prices (18.5 micron & finer) have risen strongly over the past few months due to a combination of continued robust demand and lower supplies. At the same time, prices for medium Merino wool (such as 21 micron) have slipped a little, although they remain at historically good levels. As a result, the price premium for superfine wool over medium Merino wool has lifted sharply. The premium currently sits at 34%, the highest since August 2011 and above the long term average premium.…

Brighter Economic Outlook Helping Boost Wool Prices

30 January 2017
The economic growth outlook is more positive than it was throughout 2016. The latest data from the OECD shows that the upturn in economic conditions which began in August continued through to the end of 2016, with a strong upturn in China and a more modest improvement in the advanced economies. This should continue providing a firm foundation for wool prices over the next six months. However, there are some reasons for caution. The latest forecasts for economic growth from the International…

Fine Merino Wool Price Relativity with Synthetics Hits Record

23 January 2017
Merino wool prices (notably at the fine end) have been rising strongly in the past four months in both A$ and US$ terms, but prices for competing fibres such as cotton, polyester and acrylic have been relatively steady or even a little lower. As a result, the price relativity between fine Merino wool and these other fibres has increased sharply. Compared with synthetic fibres, the current price relativity for 19 micron wool stands at 7.66, the highest ever recorded. Compared with cotton, 19…


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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