Spirited bidding for Merino fleece and extreme demand for Merino skirtings
Merino Fleece experienced spirited bidding resulting in substantial gains across all MPG’s in all centres.
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Harrison elected president and Lugsdin vice-president of WoolProducers Australia
WoolProducers Australia has announced Steve Harrison as their new President and Stacey Lugsdin as Vice-President.
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Animal activists offer $1.4 million to develop vegan alternative to wool
Animal activists in the US have launched a Vegan Wool Challenge and awarding $1 million to the first entrant developing vegan wool material superior to sheep's wool.
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Unfavourable currency exchange thwarts confidence in wool
Merino Fleece was dominated by the Trading exporters with unfavourable currency exchange thwarting the Chinese processor’s confidence. Whilst the week produced a firming market for the 19-21MPG’s, a weaker tone continued for 16.5-18.5 MPG’s which posting losses of up to 30c.
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Merino fleece falls moderate and merino skirtings find support
| Whilst good demand from India and European interests for wool is providing small pockets of business for exporters, it is the sporadic demand from our largest client (China) which is supressing the much needed confidence essential to the entire pipeline… Read More |
Report finds scouring and carbonising components of early-stage processing cost-competitive
Peak woolgrower representative body WoolProducers Australia have released the final report of the Commonwealth funded Ensuring a sustainable future for Australia’s wool supply chain.
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Australian wool market comes under serious short term challenges
| The wool market is facing some serious challenges in the short term. Business confidence in our major markets are being put under enormous pressure by the poor economic conditions in China, UK, Europe and the US.
Most of the pressure… |
Merino cardings only category to continue positive trend
Merino Cardings was the only category to continue the positive trend of the past two weeks posting gains of 9c, 20c and 14c in the North, South and Western selling centres. XB oddments continued to attract mediocre competition albeit from a low price base.
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Movement of wool difficult due to flooding
he widespread rain of last week has presented many of the south eastern districts with flooding and restriction of shearing and movement of wool will become more difficult.
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Buyer sentiment changes as Merino and crossbred wool posts solid rises
The market posted solid rises across the Merino and Crossbred MPG’s however it was the merino 17.5-22μ MPG’s that were the big improvers.
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Flystrike vaccine study making progress
CSIRO is about to complete the first three-year phase of research on the development of a flystrike vaccine.
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Poor market performance of merino wool due to diminishing consumer confidence
Merino Wool generally fared reasonably well up until June 22 but the 16-18 Micron categories recently hit the virtual brick wall.
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