Latest Wool Trading News - November 2024
Jiangsu Sunshine Group in China was called a rising star by the world wool textile industry. Starting in the early 1990s as a village backyard spinner, it became the number one wool textile operation in just 20 years! The Group is the largest vertically integrated wool mill from top making right through to branded garment retailing. Since early this year rumours that Jiangsu Sunshine Group has been in difficulty ... Read More
Leading organizations within the EU’s Technical Secretariat of the Product Environmental Footprint Category Rules (PEFCR) for Apparel & Footwear have raised concerns about the current method for calculating a product’s “Duration of Service,” a critical factor in determining environmental footprint according to an article published by Jeannette Cook at IWTO. The International Wool Textile Organisation (IWTO) joi... Read More
During the past four years, AWI has been working to address the shortcomings of PEF on two fronts. Firstly, in the European Commission’s PEF Technical Secretariat where AWI has been working with the International Wool Textile Organisation (IWTO) to provide expert advice based on its science and research. Secondly, in advocating to EU policymakers as part of the Make the Label Count campaign. “Wool was part of the... Read More
2024 wool2yarn global and wool2yarn china magazines have been distributed to all major textile companies in more than 64 countries worldwide including China. This year editorial delves into the challenges facing the wool industry with newEuropean Union rules and regulations for textiles. We highlight the need for positive advocacy and engagement at legislative levels to support the interests of wool fibre. Lobbyi... Read More
AWI’s subsidiary, Woolmark, has released the second chapter of its Wear Wool, Not Fossil Fuel global campaign. With a tagline Wear Wool, Not Waste, this powerful campaign and short film frames wool as a transformational solution to fashion’s environmental challenges. Highlighting the issue of plastic clothing, the video – which has had more than 16M views since its launch – boldly spotlights the inherent properties ... Read More
Silver Fern Farms Cooperative Limited shareholders have purchased a 12.5% stake in WoolWorks New Zealand Ltd from Mr David Ferrier. Nigel Hales, WoolWorks New Zealand Limited Company President said that WoolWorks is excited to have such a large group of sheep and beef farmers investing in WoolWorks’ world leading wool processing facilities. ‘This is an extremely positive move for the wool industry in general’ he ... Read More
This week’s Australian wool auctions sold definitively to the buyers favour. Both the local auction price and the major foreign exchange (forex) rates available headed downward, giving a cumulative price benefit for the overseas wool users converting their local currency into AUD for wool purchases for the week. At times, this forex rate went over 2% to their advantage on top of the 0.5% reduction in the AUD EMI. ... Read More
Market dearer. North Island only offering 4,730 bales today. Selection consisted of 68% crossbred and hogget shears, good colour, 12% crossbred fleece average/good colour, 75/150mm, 5% crossbred lambs coarse fleece mostly good/average colour, 12% crossbred oddments, mostly good/average colour & 3% miscellaneous types. Main competition from Europe and India, supported by the United Kingdom, local Australasian car... Read More
The 10th sale of the 2024/25 wool season took place this week, with an offering of 7 717 bales, after 1 411 bales were withdrawn prior to the sale. The bulk of the offering consisted of long length, fine micron wools, with 53% of the merino wools on offer being certified as sustainable. The ZAR traded variably during the two day sale, but averaged nearly unchanged against the US$ compared to the previous sale. ... Read More
Wools of New Zealand has signed an agreement with leading Chinese rug and carpet manufacturer Yangxin Ruixin Group for the company to use Wools of New Zealand branding on its products according to an article published in the NZ press. This is the first arrangement the farmer-owned company has entered into with a Chinese manufacturer to produce branded products. The agreement was signed by Wools of NZ chief exe... Read More
The AWEX Board announced that Mark Grave, CEO of AWEX, will retire at the end of June 2025 after 21 years as AWEX CEO. The Board acknowledges Mark’s outstanding leadership under which AWEX has played a critical role in enhancing Australian wool’s reputation in the global market. Mark’s tenure has been marked by a series of transformative achievements for AWEX, including: • The introduction and management of th... Read More
Circle Sportswear’s Merino wool SuperNatural Runners, which embody both performance and sustainability, were officially launched in Paris in the lead up to the Olympics. They have a very special ambassador: three-time Olympic champion Marie-José Pérec, a French sporting legend who lit the cauldron at the Paris Olympics in July. In a collaboration which positioned Australian Merino wool as the ultimate performance... Read More
NZ Wool carpet manufacturer Bremworth plans to spend more than $2 million on a marketing campaign, designed to grow exports and address what it says are misconceptions about wool. New Zealand is the world’s third largest wool producer, accounting for 9% of global production. However, the country’s export revenue from wool is projected to fall by 3% to $380m over the coming year. Rochelle Flint, Bremworth’s chi... Read More
T-Shirt & Sons (TSS) expands its digital production capabilities by adding the Kornit Apollo platform alongside existing Atlas MAX systems. With this expansion, the company is set to streamline operations and increase production capacity by several million impressions annually. Kornit Digital is a global leader in sustainable, on-demand digital fashion and textile production technologies, it announced that T-Shir... Read More
Harnessing the unmatched performance of Merino wooI, iconic Italian swimwear brand Arena launched its inaugural collection of wool-rich beachwear for men and women in May, in partnership with The Woolmark Company. One of the collection’s two ambassadors, Nicolò Martinenghi, won the gold medal in the 100m butterfly at the Paris Olympics in July. With a presence in more than 100 countries across the world, arena is... Read More