Latest Wool Trading News - July 2021

Traditional Markets for Australian Wool to Bounce Back

New analysis from Australian Wool Innovation (AWI) shows signs in the bounce back of traditional wool consumption markets of the UK and USA for the 2021 autumn/winter season. This follows sales and import growth in China, South Korea and Japan over recent months. AWI Chief Executive Stuart McCullough says there is growing optimism from retailers in UK and the US that vaccination has turned around the worst elemen... Read More

New National Standards for NZ Wool

A new NZ National Standard for Wool has been established under the New Zealand Farm Assurance Programme (NZFAP) with 15 new wool companies signing up to the programme. The NZFAP provides assurances to customers and consumers about the integrity, traceability, biosecurity, food safety, environmental sustainability and animal health and welfare of New Zealand’s primary sector products. The fifteen wool companies... Read More

AWI briefing looks at Australian wool market performance

In its monthly briefing the Australian Wool Innovation outlines issues around the testing, NWD, prices, logistics, and exports. The briefing states that the month of March has for the last 10 years, seen most significant upswing in volume of Australian wool tested. Year on year, 25% more wool has been tested though the Australian Wool Testing Authority (AWTA) in March, albeit with the month having the maximum possib... Read More

Savio to attend ITMA ASIA

Savio will be attending ITMA ASIA+CITME exhibition, taking place in Shanghai/China, from 12 to 16 June 2021. ‘It is very important to return to physical events in the biggest textile market like China and meet in person our customers again. Savio is soon exhibiting in Shanghai solutions-oriented portfolio to maximize machinery return on investment, both for machinery and for technical service’, Savio said. Sav... Read More

2021 wool2yarn magazines

When travel and business is uncertain – don’t be caught off balance – create your own opportunities and let wool2yarn keep you connected. Publication date for 2021 wool2yarn china and wool2yarn global magazines is September/October. Published once each year these magazines are circulated to all major textile companies in more than 60 countries worldwide including China. ‘The impact of Covid is causing many com... Read More

AWI Commentary – wool sale 27 May 2021

Some significant adjustments to Merino price levels occurred this week at the Australian wool auctions.  Unfortunately, it was not all upward but an overall positive atmosphere did prevail. A strange week with some diametrically opposed demand areas which resulted in some very cautious approaches to purchasing Merino wool on one side and aggressive strategies on the other. This demand was split squarely by micron... Read More

Digital printing – transforms designing with wool

New technologies have enabled the digital printing of intricate and near-photographic designs on wool fabrics, thereby increasing design opportunities and markets for wool. BENEFITS OF DIGITAL PRINTING Shorter production lead timesMore flexibility in designNo minimum order quantityEnvironmentally friendly dyeExcess dye is recycledLess water Digital fabric printing involves using inkjet technology to apply c... Read More

New Zealand wool market report (27 May 2021)

Market continues to move upwards. North Island only. On offer are 7,250. The selection consisted of 50% crossbred shears mainly good colour up to 3″, 15% crossbred fleece mostly average colour, 15% good style lambs fleece, 15% oddments all descriptions and 5% miscellaneous types. The auction maintained its upward momentum continuing on from last week’s positive sentiment.  United Kingdom, China and Indian Sub-Con... Read More

British Wool – Wool Sale Report (BW123 – 25th May 2021)

BW123 had a 96% clearance with prices generally in the sellers favour on the combing types and in the buyers favour on the carpet types. The average greasy sale price of 70.2p / kg was 2% higher than the previous sale but this was supported by a number of lots of Bluefaced Leicester which were particularly well sought after. Demand for the mountain wools remained soft. The British Wool Index increased by 0.4% sal... Read More

Mohair Market Report (Catalogue 2021 06)

The sixth sale of the 2021 summer season took place in Port Elizabeth on 25 May 2021, with 96 265 kg on offer of which 98% was sold. The offering consisted of excellent individual clips which attracted good competition between buying houses. Although the SA currency traded stronger compared to the previous sale, the demand for mohair remains strong, combined with the excellent individual clips on offer, resulted ... Read More

Textile Machinary – orders on the rise for first quarter 2021

The index of orders intake for textile machinery compiled by ACIMIT, the Association of Italian Textile Machinery Manufacturers during the period January-March 2021 was up by 66% compared to the same period for 2020. The value of the index was confirmed at 129.3 points (basis: 2015 = 100). This result depended on a positive performance for orders coming in from abroad as well as from Italian market. A 68% increas... Read More

American Wool Assurance launches new website

The American Wool Assurance website launched at AmericanWoolAssurance.org, allowing American sheep producers to take a crucial step in certifying their wool through this voluntary, American industry-driven certification process. The American Sheep Industry Association worked with Colorado State University the past two years to develop the voluntary program and standards that will allow manufacturers to purchase A... Read More

China’s exports soar as US recovers and India stalls

China’s exports unexpectedly surged last month as America’s speedy recovery from the pandemic spurred demand. Stalled factory production in India, as the country struggles with a coronavirus crisis, also helped boost the global market for Chinese goods. China’s exports in dollar terms surged by more than 32% from a year earlier to almost $264bn (£190bn). In the same month imports grew at the fastest pace in mo... Read More

Bride stuns in 15kg merino wool wedding dress

When you think about a beautiful bush wedding, a heavy woollen wedding dress might not seem like an obvious choice. But for Grace Ridge, it was the only option. For her wedding last spring, the daughter of wool growers wanted to celebrate the wool industry so chose to commission an intricate wedding dress made from more than 25 metres of 100 per cent lightweight Australian Merino wool crepe. The outback bride’... Read More

Italian companies return to exhibit at ITMA ASIA

66 Italian textile machinery manufacturers will participate in the upcoming ITMA ASIA + CITME 2020, which will take place in Shanghai at the National Exhibition and Convention Center from June 12 to 16, 2021. Of these, 21 manufacturers will be presenting their technology offerings within National Sector Groups organized by ACIMIT, the Italian Association of Textile Machinery Manufacturers, and the Italian Trade A... Read More

UK makes free-trade offer to Australia

The UK has offered trade deal terms to Australia under which both countries would phase out taxes on imports over 15 years. The cabinet was reportedly split on what terms to propose, amid concerns UK beef and lamb farmers could be undercut by larger Australian producers. But the dispute was apparently resolved after Boris Johnson pushed for unity. International Trade Secretary Liz Truss formally made the UK of... Read More