Latest Wool Trading News - September 2023

Australian Wool Production Forecast Report August 2023

The Australian Wool Production Forecasting Committee (AWPFC) has confirmed its estimate made in April of shorn wool production for the 2022/23 season. Their estimate of 328 million kilograms (Mkg) greasy, is 1.3% higher than the 2021/22 season production of 324 Mkg greasy. AWPFC Chairman, Stephen Hill said that “the favourable conditions for sheep and wool production evident in Autumn carried forward to the end o... Read More

Australian wool sale – 31 August 2023 – AWI Commentary

Pre-sale expectations were for a better week for prices at Australian wool auctions and that was certainly the case upon opening. Almost all categories sold progressively dearer through the first day of selling with the result being wool values closing at 15 to 30ac higher. The tone in the auction rooms was healthy and competition reasonably strong, but notably, two or three of the leading buyers were not getting ca... Read More

Cape Wools Weekly Market Reports for 29 and 30 August 2023

After last week’s recess in auctions, the 2nd sale of the 2023/24 wool selling season took place on 29 August. With catalogue 3 scheduled to take place tomorrow, a very small volume of 4 868 bales were offered, making price comparisons more difficult. The market continued to experience negative pressure, with the stronger SA currency further adding to the difficult trading environment. A better overall pict... Read More

2023 wool2yarn magazines distributed in China and across the world in September

The distribution of 2023 issues of wool2yarn global and wool2yarn china will take place in the next two weeks. All delegates attending Nanjing Wool Market Conference will also receive these magazines. We would like to thank all those companies and individuals that contributed to our advertising and editorial content this year. This support is integral to our ability to publish wool2yarn and deliver it to readers,... Read More

34th Nanjing Wool Market Conference – 22-24 September 2023

The 34th Nanjing Wool Market (NWM) Conference opens its doors to international and local delegates on 22-24 September 2023. The conference has been organised by NWM, China Wool Textile Association (CWTA) and China SDIC International Trade Co. Major conference sponsors are AWI | The Woolmark Company and Guangshan White Shark Card Clothing Co. The conference will be held in Zhangjiagang, Jiangsu. It is expected ... Read More

Cashmere demand is threatening Mongolia’s steppe. Can the industry go sustainable?

By spring on central Mongolia’s vast grasslands, the bitter winter snows have largely melted, but strong winds and sandstorms can make this one of the harshest times of the year. For herder Bayarduuren Zunduikhuu, it is also one of the busiest. “We wake up as the sun rises,” she says. “Spring is all about the cashmere harvest.” Like many members of Mongolia’s estimated 300,000 nomadic herder households, Bay... Read More

Wool Industries Australia awards four recipients with Australian Wool Industry Medal

Wool Industries Australia Inc. (WIA) and its members congratulated the four recipients of the 2023 Australian Wool Industry Medal. Now in its seventh year, the presentations were made at the Wool Week industry dinner held at the MCG in Melbourne on 24 August 2023. The four recipients are Malcolm Nicholls (VIC), Jo Hall (ACT), Martin Moses (NSW) and Donald McGauchie (VIC). The Australian Wool Industry Medal recogn... Read More

NZ’s PGG Wrightson’s Grant Edwards talks wool

PGG Wrightson, a leading New Zealand wool broking company has published an interview with its general manager for wool, Grant Edwards discussing key developments that are influencing the New Zealand wool industry. Grant Edwards says: ‘The New Zealand wool market is experiencing notable shifts, with both challenges and opportunities shaping its trajectory. We’ve seen an increase in crossbred wool prices on the ... Read More

BW encourages designers to use wool

British Wool’s Yarn Collection is a compelling call to action for the fashion industry to recognise the untapped potential of British wool fibre. This unique initiative showcases eight yarn spinners who specify British sheep farmers’ wool for their selected yarn ranges. The Yarn Collection provides a comprehensive sourcing guide, simplifying the process for buyers and designers interested in incorporating British wo... Read More

US faces more interest rate rises to cool inflation

The US Federal Reserve chairman has said the central bank will continue to raise interest rates “if appropriate” as inflation remains “too high”. Jerome Powell told an annual gathering of central bankers that the pace of price rises had fallen from a peak. However, it remains above the Fed’s 2% target. In a speech to the Jackson Hole symposium in Wyoming, Mr Powell said interest rates could rise further and stay ... Read More

Indonesia’s Textile and Clothing Export Predicted to Drop by 10 pct

 Indonesia’s textile and apparel export is forecast to decline by 10 percent from $12 billion in 2022 to around $11 billion this year, according to the Indonesian Fiber and Filament Yarn Producers Association or APSyFI. The association attributed the declining exports to the drop of 40-50 percent since early this year in the order value placed by overseas buyers.  “I doubt this year’s exports will top last year’s... Read More

AWTA Key Test Data for July 2023

The monthly comparisons of Total Lots, Bales and Weight tested for July 2023 compared with the same period last season are: -24.4%, -23.4% and -23.5% respectively. AWTA Ltd has tested 15.6 mkg (million kilograms) this season compared with 20.4 mkg for the equivalent period last season. Download: AWTA Key Test Data 2023 07View: AWTA Analytics Read More