Latest Wool Trading News - December 2023

Australian Wool Volumes Up from Previous Year

Prices at the Australian wool market have struggled this year, however during the month of October a level of stability became evident. And although wool producers would obviously prefer higher prices, the pass in rate is indicating that they are now opting to meet the market and sell, rather than hold onto their clip according to the latest report from Australian Wool Innovation (AWI).  Industry analysts believe... Read More

2023 wool2yarn magazines distributed worldwide – now also online

2023 wool2yarn global and wool2yarn china magazines have been posted to all major textile  companies in more than 64 countries worldwide. wool2yarn global is anEnglish language publication dedicated to wool and speciality fibres. wool2yarn china is a Chinese  language publication that is distributed in China by Nanjing Wool Market to all major textile companies in China that work with wool and speciality fibres. ... Read More

New look woolbuy platform goes live provides a FREE online platform for buyers and sellers of wool, wooltop, speciality fibre, and yarn. It facilitates buying and selling 24 hours, directly linking buyers and sellers anywhere in the world. Wool buyers and sellers can list up to 5 separate entries free of charge. If you are an existing user we encourage you to check your listings and refresh any entries you wish to continue to dis... Read More

A Long-Promised Fashion Revival for Wool?

AWI Global Strategic Advisor Peter Ackroyd reports on an upturn in the fashion business of major British multinational retailer Marks & Spencer (M&S), which will likely benefit woolgrowers. Mr Ackroyd is a former President of the International Wool Textile Organisation and is Chief Operating Officer of the Campaign for Wool. M&S’s Head of Clothing, Richard Price, has had years of industry experience working in fa... Read More

AWI Commentary- wool sale (week ending 24 November 2023)

Price gains on all Merino wool types was the primary factor at this week’s Australian wool auctions. Despite the ever strengthening Aussie dollar (AUD) against the US dollar (USD) in particular, prices in this sector surged anywhere between 20ac and 60ac clean/kg for the week. This continues the escalation of Merino prices with all micron categories 5 to 6.5 percent cumulatively dearer over just the past two weeks. ... Read More

Uruguay: Sheep Stock and Wool Production

Uruguay possesses a wealth of natural resources that enable it to competitively engage in a significant range of agricultural and livestock activities typical of temperate and subtropical regions. The entirety of its territory, with the exception of urban and coastal areas and land used for infrastructure projects (roads, reservoirs, etc.), is dedicated to agricultural and livestock production. This activity serves ... Read More

South Africa – Weekly Market Report (21/22 November 2023)

The 2023/24 wool season continued this week, with a larger offering of 10 790 bales on the 14th sale of the season. Certified sustainable wool comprised just below 50% of the merino wools on offer, with 63% of the offering testing 20 micron and finer. The market took its lead from the good demand experienced in Australia this week, further supported by a weakening SA currency on the second day of the sale. All... Read More

Creating new demand discussed at British Wool conference

British Wool has been working on several initiatives over the last year to underpin its three strategic pillars of Maximising Price, boosting Member Engagement and delivering Organisational Efficiency delegates at the British Wool Annual Conference were told last week.  Andrew Hogley, British Wool’s CEO, explained that these measures were designed to strengthen the business and improve returns for members over the l... Read More

AWEX to ask for mandatory wool declarations

THE Australian Wool Exchange (AWEX) is moving ahead with plans to make its National Wool Declaration mandatory as grower uptake stalls. The NWD is currently a voluntary declaration from the wool grower about clip and sheep management factors — including mulesing and pain relief status, and dark and medullated fibre risk in clips — that is used by buyers in making purchasing decisions. AWEX data indicates that tot... Read More

Devold – Expedition Arctic Pro base-layer

Woolmark licensee Devold of Norway was founded in 1853. Working with wool throughout its 170-year history, the company today produces apparel for sports and outdoor enthusiasts. The company’s new Expedition Arctic Pro base-layer has been awarded an ISPO Award, which is a major seal of approval from ISPO, the world’s leading sports and outdoor trade show. The base-layer also received an honourable mention in the ‘... Read More

King Charles lll Tartan

Lochcarron of Scotland is a renowned Scottish weaving mill dating back to 1947. With a commitment to traditional craftsmanship and the production of premium quality authentic tartan and textiles, Lochcarron has become a global ambassador for Scottish heritage. The company offers a wide range of products, Scottish and British wool being at the fore. Everything is meticulously crafted in Scotland, in the town of Selki... Read More

AI could help break down textile waste

US Department of Energy’s Agile BioFoundry (ABF) partners with US tech company Protein Evolution on a new project exploring the use of AI and enzymes in breaking down textile and plastic waste. Protein Evolution claims its technology is the first in the US to use enzymes as a catalyst to produce new polyethylene terephthalate (PET) using polyester textile waste.  The project has two separate arms – the first w... Read More

UK’s biggest retailers launch new British Wool ranges

British Wool’s licensee scheme has gone from strength to strength, with over 30 brands signed up as licensees over the past 12 months. The licensee scheme traces the wool being used in products through the supply chain, which helps ensure brands are using a high percentage of British wool in their products. This month, John Lewis and M&S have respectively launched pillows, mattress toppers and duvets made usin... Read More

Italian Machinery Manufacturers at ITMA ASIA + CITME

ITMA ASIA+CITME, Asia’s foremost textile machinery trade fair kicked off in Shanghai on November 19th, and Italian technology was once again be on full display, showcasing innovative, sustainable solutions. A total of 59 Italian machinery manufacturers exhibited at the ITMA ASIA+CITME 2022 from November 19 to 23 in Shanghai, as the event had been postponed for a year in the wake of the Covid19 pandemic. Of these ... Read More

International Sports Brand Salomon Add Merino to Its Mix

Salomon is a leading international sports and outdoor brand based at Annecy in the French Alps. Founded in 1947 as a maker of ski gear, Salomon now manufactures products for various activities including trail running, hiking, climbing and skiing. Its products are sold across the world. In 2015, Salomon launched its Sportstyle footwear sub-brand that combines performance-inspired design with city style. It is Salo... Read More

Egypt signs deal for $100m worth of Chinese textile and apparel projects

The Suez Canal Economic Zone (SCZONE) has signed letters of interest regarding several new projects with Chinese textile and apparel companies. SCZONE chairman El-Dien says: “These projects represent a consolidation of the strong economic relations between SCZONE and Chinese investments, especially since these projects are in the West Qantara Industrial Zone, which is a promising industrial zone on an area of 19.... Read More