Latest Wool Trading News - July 2024

ITMF Global Textile Industry Survey – continued stagnation, casts shadow on year-end expectations

The May 2024 ITMF Global Textile Industry Survey (GTIS) indicates a continued stagnation in the textile business climate, with a marginal improvement of the economic situation due to more companies deeming business “satisfactory”. On the other hand, business expectations have stagnated in positive territory for a year, reflecting optimism rather than actual improvement, as the entire supply chain suffers from a lack... Read More

Nanjing Wool Market Conference – 23rd to 25th September 2024

The 35th Nanjing Wool Market Conference (NWMC) will be held on 23rd– 25th September 2024.  As China’s leading and longest-running conference on wool, NWMC draws people from all sectors of the textile industry worldwide, providing ideas, advice, and networking opportunities important to business executives, policymakers, and researchers.    The conference theme is LOVEWOOL@FUTURE and will be held at Meshang Resort... Read More

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AWI CEO John Roberts – Overview of R&D and Marketing

AWI CEO John Roberts provides an overview of how AWI is undertaking R&D and marketing to address some of the key issues faced by Australian woolgrowers. Next month AWI will embark on the last financial year that the company will operate under its current three-year Strategic Plan for 2022/23 to 2024/25. In this coming year, the level of expenditure by AWI on R&D and marketing will be reduced compared to previous ... Read More

AWI Commentary Australian Wool Sale (27 June 2024)

The final week of Australian wool auctions for the 2023/24 ended lower. Sluggish demand combined with a strengthening AUD which shelved for the time being any chance of improvement in values. Merino prices closed the week generally 25ac cheaper with all other sectors par to minus 10ac. As prices lowered within the Merino sector, the big three Chinese top makers increased their purchasing rates and saw their combi... Read More

New Zealand Market Report (26 June 2024)

The market was generally dearer except good colour fleece which tended slightly easier. Both centres selling today. North Island offering 8,815 bales and South Island offering 10,130 bales. The selection consisted of 36% average colour full length fleece, 30% crossbred shears generally good colour, 75/150mm, 16% mainly good/average colour lambs, coarser, 2-4 inch, 13% associated oddments, and 5% miscellaneous.  Comp... Read More

The Campaign for Wool celebrates retaining HM King Charles III as Patron

The Campaign for Wool is honoured to announce HM The King remains as The Patron, supporting the Campaign and its educational activities and events to remind the world of wool’s support for the planet and its natural, renewable and biodegradable properties.  The Campaign for Wool was HM King Charles’s personal initiative when he was The Prince of Wales in 2008 and was officially launched in 2010 in a bid to assist... Read More

China Fashion giant Shein closer to London listing

Chinese fast fashion firm Shein has filed initial paperwork taking it a step closer to listing on the London Stock Exchange, the BBC understands. The online retail giant, which is based in Singapore but has extensive operations in China, filed the confidential papers with UK regulators recently, according to sources close to the process. Shein became one of the biggest fashion retailers in the world during the pa... Read More

New Aircraft Seating Concept Using Wool

In a forward-thinking collaboration, The Woolmark Company and Sydney-based Caon Design Office have created a revolutionary aircraft seat design that reimagines the future of premium cabin travel and features a 3D knitted wool blend membrane. The innovative design concept, Modulo, challenges the status quo of aircraft cabin interiors by addressing key issues such as weight reduction, sustainability, and the need f... Read More

Honest Wolf creates New Zealand Team limited-edition homegrown accessories

Luggage and accessory brand Honest Wolf announces a new licensed New Zealand Team range of quality wool and leather accessories, in the build up to the Paris 2024 Olympic Games. Both coming from competitive rowing backgrounds, Honest Wolf founders Sam and Sophie Hurley have created this range to support the New Zealand Team with portions of each sale going directly to the Team. Highlights of the limited-edition rang... Read More

‘Wear Wool, Not Fossil Fuel’ – Successful Woolmark’s Eco-Campaign

During the past two years, AWI’s marketing arm The Woolmark Company has run a powerful and successful eco-campaign to reinforce to consumers the message that synthetic fibres are made from oil, and that consumers should instead choose wool because it is a natural, renewable and biodegradable fibre. The ‘Wear Wool, Not Fossil Fuel’ campaign reached 131 million video views 850 million impressions. 75% of viewers ex... Read More

Australian Wool Traceability Hub

The Australian Wool Traceability Hub is a new and essential tool for the Australian wool industry to get ahead of the curve when it comes to Australian wool’s Emergency Animal Disease (EAD) response plan as well as end-to-end commercial traceability from farm to first stage processor. An industry owned and led initiative, the Australian Wool Traceability Hub (the Hub) is scheduled to be officially launched by mid... Read More

New President for CEMATEX

CEMATEX, the European Committee of Textile Machinery Manufacturers announced the appointment of Alex Zucchi as its new president. Mr Zucchi was elected at the General Assembly held on 14 June 2024. In his first comments as the new president of CEMATEX, Mr Zucchi said: “It is a great honour to be appointed and I would like to thank the Assembly for the trust placed in me. I would also like to express my gratitude ... Read More