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MEDIA RELEASE: Strong Premiums for Non-Mulesed Wool Continue in 2018/19

11 February 2019
The premiums for non-mulesed Merino wool have remained strong in the first six months of the 2018/19 season, according to data released by AWEX. NCWSBA believes that it is vital that all Australian wool producers are informed of these continued strong premiums and respond to the clear demand signals from the global wool textile industry. The premiums for non-mulesed wool over equivalent mulesed wool averaged between 33 and 53 cents/kg for Merino wool 20 microns and finer in the first six months…

Australian shorn wool production down by 10.8% in 2018/19

19 November 2018
The Australian Wool Production Forecasting Committee met on Wednesday 14th November to review its forecast for the 2018/19 season. As I said in the Weekly Newsletter of 12th October, the Committee decided to bring forward its meeting from December to November, partly in response to concern around the world about the wool supply available from Australia this season. The new forecast from the Committee is that shorn wool production will be 305 mkg in 2018/19, down by 10.8% on 341 mkg in 2017/18.…
2018 broker award
News Flash

NCWSBA Wool Broker Award winner announced for 2018

27 August 2018
The three Finalists for the 2018 NCWSBA Wool Broker Award gave presentations at the NCWSBA Annual General Meeting and Forum on 23rd August. The three Finalists, Samantha Wan (Elders), Cassandra Baile (AWN) and Candice Cordy (Landmark) all gave fantastic presentations, highlighting the diverse roles of wool brokers and their great contributions. There were around 50 people in the audience attending the AGM and all were hugely impressed. Annabelle Cleeland (Editor, Stock and Land), Ed Storey…

Industry News

Sheep and lamb turnoff up – lower sheep numbers for 2019/20

18 February 2019
Sheep numbers in Australia will be one of the main factors that the Australian Wool Production Forecasting Committee will consider when it meets on 1st April to review its forecast for 2018/19 and consider its first forecast for 2019/20. Sheep numbers at the start of the 2019/20 season will be determined by the number of sheep and lambs slaughtered over the season, the number of live sheep exported, and the number of lambs marked. For the 2018 calendar year, the number of sheep slaughtered was…

Australian wool exports down in volume and value in 2018

18 February 2019
The latest data from the Australian Bureau of Statistics on Australia’s wool exports shows that the volume of Australian wool exports fell 25% in December compared with December 2017, continuing the decline in volumes for every month this season to date. As a result, the volume of wool exported for the first six months this season is 19% below the same period in 2017/18. This drop is no surprise given the 12% fall in wool tested by AWTA to January and the 18% drop in wool offered at auction to…

Merino wool prices outperform prices for competing fibres

04 February 2019
All of the major competing fibres have seen a sharp fall in the past six months. For synthetic fibres, this is due to a combination of excess capacity, falling oil prices and lower demand, notably in China. Acrylic fibres have seen the most significant falls and certainly more than the slide in polyester staple fibres. Viscose prices have also fallen sharply. Acrylic prices are down by 15% since October, polyester staple fibre prices are 7% lower and viscise prices have fallen by 12%. For…

High premiums for Non-Mulesed wool

04 February 2019
AWEX has released data showing the average price differences paid for wool with the various mulesing status in the 2018/19 season to December compared with the previous five seasons. The data shows that the premiums paid for non-mulesed Merino wool at auction in the July to December 2018 period were higher than in 2017/18 for several of the Merino microns. Some care needs to be taken with the results as the data for some types is very limited, making them statistically unreliable. For this…

Share of Non-Mulesed wool lifts in Australia despite drought

21 January 2019
The latest data on mulesing status from AWEX is for the first six months of 2018/19. It shows that while a fall in the number of bales declared as Non-Mulesed and Pain Relief in December (down 4% and 10% respectively) and in the July to December period (down 8% and 12% respectively), the decline was much lower than the fall in the total number of bales offered at auction (down 18% in December and 20% for July-December). As a result, the share of Non-Mulesed wool increased to 12.3% for the six…

UK and NZ broad wool prices continue to languish

21 January 2019
While Australian Merino wool prices pulled back in October and November, prices remain at historically high levels. It is interesting to update what has happened to prices in other countries over the past 12 months. There has been a strong ramp up in Merino wool prices since mid-2016 as the Merino price Supercycle took hold. The movements in prices for 28 micron wool have been more muted, but there has been a rising trend since mid-2016. In contrast, prices for broad wool from NZ and the UK (32…

Superfine wool tested rises, sharp drop in total wool tested in November

10 December 2018
The latest statistics on wool tests for November showed a surprisingly large 21% drop in the weight of wool tested in November. At just 32.2 mkg, the weight tested was the lowest tested in the month of November for many, many years. My databases only go back to 2011/12 and the total tested is well below the next lowest, which was 34.3 mkg in 2015/16. The Australian Wool Production Forecasting Committee when it met in 3 weeks ago was not expecting such a collapse in wool tests in November for…

General fall in commodity prices, including wool and other textile fibres

06 December 2018
Wool prices have fallen back from the record levels seen in August. At the same time, prices for other fibres have also pulled back, as have prices for other industrial commodities such as metals and oil. The sharpest declines have been seen for oil, wool and cotton. While each market has its own characteristics and drivers, there are wider forces causing a general decline in commodity prices. This includes the slow-down in economic growth in China, the ongoing trade tensions between the US and…

US clothing retail sales growing strongly in lead-in to Autumn/Winter 2018

26 November 2018
‘Black Friday’ sales are becoming a global phenomenon with Australian retailers embracing it this year (both online and bricks & mortar retailers). ‘Black Friday’ is actually an US tradition since at least the early 1960s, being the day after Thanksgiving when retailers throw open their doors and offer large bargains to entice shoppers and kick off the Christmas and holiday retail season. The Oxford English Dictionary says that one reason it is called ‘Black Friday’ is because it is the first…

NCWSBA News

Online training for Emergency Animal Disease

26 November 2018
There is now a Wool Broker and Livestock Agents Online Training Course available to help prepare for if and when there is an outbreak of an Emergency Animal Disease in Australia, such as Foot and Mouth Disease. The course has been developed under the direction of WoolProducers Australia and SheepProducers Australia with funding from Animal Health Australia. The course is designed to inform and train wool and livestock selling agents about how to recognise and respond to a suspected Emergency…

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…

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