Latest Wool Trading News - January 2023

We wish all our readers a Happy New Year and all the very best for 2023 Read More

New Zealand Wool Prices and Production Outlook

In its latest report Beef and Lamb NZ has outline its outlook for NZ wool into 2023. In this report it notes that there has been a small shift in price direction for all NZ wool types in recent months. Global economic recovery post COVID-19 is underpinning the recent lift in prices, as demand for wool is income-sensitive. This has been particularly notable in the merino and fine wool categories. Demand from China ha... Read More

Australian Wool Market Report (13 January 2023)

The AWEX EMI finished 6¢ higher(+0.5%) in Australian currency and 17¢ higher(+1.9%) in US currency when sales resumed in Sydney, Melbourne and Fremantle in after the mid-season break.  50,469 bales were on offer nationally, compared with 47,914 bales last sale. 11.2% of the offering was passed in after 5.1% of the potential offering was withdrawn prior to sale. 44,814 bales were sold. The offering was the largest... Read More

New Zealand Wool Market Report (12 January 2023)

Both centres selling today in the first sale of the year with the North Island offering 10,000 bales and the South Island offering 4,400 bales.  The selection consisted of 40% crossbred fleece, good/average style, 36.0 to 39.0 micron, 35% crossbred/hogget second shear, bulk 75mm, good/average style, 10% associated oddments, 10% new season lambs and 5% miscellaneous types.  Indian subcontinent main with support fr... Read More

South African Weekly Market Report (11 January 2023)

The 2022/23 wool selling season resumed this week after the Christmas recess, with a final offering of 8 926 bales, after a withdrawal of 1 948 bales before the sale.  The offering consisted of a very limited volume of sustainable wool, with 21,4% of the merino wools on offer being certified as sustainable, driving prices up even further in some micron categories. Just more than 50% of the offering consisted of f... Read More

British Wool Market Report (13 December 2023)

British Wool saw the improved demand from last sale continue in BW154 with over 1 million kilos being sold. This was achieved with no significant easing of prices, in fact some prices were up slightly from BW153, however prices remain low. The offer in BW154 amounted to 1,282 tonnes spread over 178 lots. A total of 149 lots were sold which totalled 1,078 tonnes or 84% of the wool offered. Prices in general were f... Read More

Australian Wool – AWI Market Intelligence

Now that the calendar year for 2022 has come to a close, AWI examines the fluctuating fortunes of the wool market across the year and match this with the latest wool production forecast which has revealed some fascinating trends. Looking at the overall wool price as measured by the Eastern Market Indicator (EMI) it sits at a relatively similar level to where it was at this time last year, 1327c/kg clean relative ... Read More

China’s GDP Growth Expected to Accelerate to 4.7% in 2023

Mainland China’s reopening came sooner than expected for investors, and Goldman Sachs warns it will lead to short-term strains in the workforce and supply chains. According to mobility data analyzed by economists at Goldman Sachs, China is likely to see “weaker growth momentum during the frontloaded ‘exit wave’ on the back of surging infections, a temporary labor shortage and increased supply chain disruptions,” ... Read More

Südwolle Group Appoints Stéphane Thouvay as Managing Director Sales & Marketing

With effect from January 1st, 2023, Stéphane Thouvay has been appointed as the new Managing Director Sales of Südwolle Group GmbH (“Südwolle Group”). In this function, he is now responsible for global sales activities within Südwolle Group. Effective April 1, 2023, he will also lead the company’s global marketing organization. Südwolle Group is a leading manufacturer of worsted yarns for weaving, circular and flat k... Read More

Australian Wool looks to India under new trade agreement

Australia’s wool industry is making plans to boost trade and co-operation after the ratification of the new India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA) in Federal Parliament last week. Australian Wool Innovation chief executive officer John Roberts recently returned from an interactive Woolmark event organised by Australian High Commission in New Delhi called “Grown in Australia Made i... Read More

China Reopens Borders and removes Last Covid Zero Curbs

From January 8 China will no longer subject inbound travellers to quarantine, putting the country on track to emerge from three years of self-imposed global isolation under a Covid Zero policy that battered the economy and stoked historic public discontent. People arriving in China will only be required to obtain negative Covid test results within 48 hours of departure, according to a statement from the National ... Read More

Vivienne Westwood, fashion designer and style icon, dies at 81

British fashion designer and style icon Vivienne Westwood has died aged 81. She passed away peacefully, surrounded by her family, at her home in London, according to an official statement from her eponymous company. To the media, she was “the high priestess of punk” and the “Queen of Extreme.” To the fashion world, she was a beloved character who energized and pushed the boundaries of the industry until her death... Read More

AWI Wool Appreciation Course goes Multilingual

The Woolmark Company’s popular online Wool Appreciation Course is now even more accessible to people across the world having recently been made available in eight additional languages. The course aims to increase the knowledge about Australian wool amongst people in the textile supply chain, thereby helping increase global demand for the fibre. The most frequently accessed and completed course on the online Woolm... Read More

US Economy sees Robust Jobs Growth in December

Jobs growth in the US remained strong last month even as the economy wrestled with the impact of fast-rising prices. Employers added 223,000 positions in December, pushing the jobless rate down to 3.5%, from 3.6% in November. The resilience of the labour market has raised hopes that the world’s largest economy will avoid a severe economic downturn this year. The US central bank is raising borrowing costs to try t... Read More

AWTA Key Wool Test Data for December 2022

The monthly comparisons of Total Lots, Bales and Weight tested for December 2022 compared with the same period last season are: +11.1%, +7.6% and +7.3% respectively. The progressive comparison of Total Lots, Bales and Weight tested for July 2022 to December 2022 compared with the same period last season are: -0.7%, -0.4% and -0.2% respectively. AWTA Ltd has tested 160.3 mkg (million kilograms) this season comp... Read More