Latest Wool Trading News - September 2020

NZ Cavalier to ditch synthetics

NZ Carpet maker Cavalier is ditching synthetics in favour of wool and other natural fibres. The NZ listed company recently unveiled a new transformational strategy, saying it would transition away from the manufacture and supply of synthetic fibre carpets over the next 12 months and existing synthetic stocks would be sold down. The company says the long-term dangers posed by plastics were becoming clear. It has c... Read More

Australian shorn wool production stabilises

The Australian Wool Production Forecasting Committee (AWPFC) has updated its forecast of shorn wool production for the 2020/21 season. This second forecast is for production of 280 million kilograms (mkg) greasy, a 1.1% decline on the 2019/20 estimated production of 283 mkg greasy, but an upward revision from the 276 mkg forecast in April. Committee Chairman, Russell Pattinson said that “Welcome rainfall through ... Read More

AWI Commentary Wool sales 27 August 2020

Australian wool auctions this week featured far less volume put up for sale, which in the current climate did assist to slow the price depreciation. Prices spent the week trying to establish a firmer footing of trade where local and overseas buyers could gain some semblance of confidence and support the market. In specific types and descriptions this managed to occur to some degree, but largely softer prices resulte... Read More

NZ Wool Market Report (27 August2020)

South Island only offering 12,600 bales.  The selection consisted of 36% crossbred fleece wool, mainly good colour, 10% crossbred second shear 75/100mm and shorter very good colour, 20% halfbred fleece super style 22.0 to 29.0 micron, 15% associated oddments, 5% crossbred lambs, 10% merino fleece 16.0 to 21.0 micron and 4% miscellaneous types.  Main competition was again from South East Asia and China supported by A... Read More

NZ Government releases plan to revitalise wool sector

A plan to revitalise New Zealand’s strong wool sector and set it on a new, more sustainable and profitable path was unveiled by Agriculture Minister Damien O’Connor. The newly released report – Vision and Action for New Zealand’s Wool Sector – was developed by the Wool Industry Project Action Group and sets out three recommendations to help the strong wool sector grow and thrive: Develop a market-focused inves... Read More

Japanese PM resigns for health reasons

Japanese PM Shinzo Abe has announced his resignation for health reasons. He said he did not want his illness to get in the way of decision making, and apologised to the Japanese people for failing to complete his term in office. The 65-year-old has suffered for many years from ulcerative colitis, an inflammatory bowel disease, but he said his condition had worsened recently. Last year, he became Japan’s longest s... Read More

How cosmetics and the coronavirus pandemic are influencing wool grease prices

The ‘lipstick effect’ — an economic theory that people buy luxuries in hard times to make them feel better — may be driving up interest for wool grease, a key ingredient in cosmetics. Exporter Michell Wool runs a wool processing plant in South Australia and CEO Steven Read said he had seen more interest from overseas in wool grease. Mr Read said wool grease could be refined into lanolin, which was used to make co... Read More

Wool with a bang

Norwegian-based sports and outdoor brand Ulvang, whose business is wholly based on wool, is expanding into new geographical markets and sports sectors, with support from The Woolmark Company. Ulvang takes its name from its high-profile founder, Vegard Ulvang, one of the most successful cross-country skiers of all time – he won three Olympic gold medals in 1992 as well as World Championship gold medals in 1991 an... Read More

Red hot entry wins Bradford Wool Award

Through sponsorship of the prestigious Bradford Textile Society Awards, AWI continues to promote Merino wool to tertiary textile students in the UK. The bushfires that devastated parts of rural Australia six months ago were not only news in Australia, they were also widely reported across the world. Up in Scotland, textile student Elizabeth Alexander of Heriot-Watt University was so moved by the events that they ins... Read More

AWTA Key Test Data Summary for July 2020

The monthly comparisons of Total Lots, Bales and Weight for July 2020 compared with the same period last season are: -16.3%, -15.1% and -14.4% respectively. AWTA Ltd has tested 13.7 mkg (million kilograms) this season compared with 16.0 mkg for the equivalent period last season. Download: AWTA Key Test Data 2020 07 Read More

Trump or Biden? China expects no favours either way

The Democratic and Republican National Conventions are typically an opportunity for US voters to get a sense of what their next president’s domestic policies might look like. But this year they also provided a key insight for China Inc as it navigates its rocky relationship with the US. Several insiders at Chinese technology firms say have told me that a Joe Biden presidency would be more appealing than anothe... Read More