Wool, lamb, and Merino genetics, covering what's shaping Australia's sheep industry.
A new company headed by woolgrower Floyd Legge of Cudal in the Central West of NSW has purchased Geelong Textile Group with the aim to identify opportunities for business growth for the Victoria-based wool textile manufacturing company.
A new report into wool processing has shown there is significant opportunity for the industry to grow in Australia.
Merino Fleece experienced spirited bidding resulting in substantial gains across all MPG’s in all centres.
WoolProducers Australia has announced Steve Harrison as their new President and Stacey Lugsdin as Vice-President.
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.
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.
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 in balance. The US mid-term early election results pushed the AUD towards the .65usc mark […]
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.
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 is ruminating from raging inflation driven largely by escalating energy costs. This confidence will not […]
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.
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.
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.
