QUEENSLAND COUNTRY LIFE – by Bruce McLeish, Elders northern wool manager – “THE progress of the wool market was anything but slow this week with AWEX’s eastern market indicator up 64c to 1614c.
From the opening lot on Wednesday prices rose sharply and the market didn’t stop until it had climbed by nearly 50c. On Thursday when many expected the market to take a breather, particularly with the stronger currency, prices continued to move up and another 18c was added to the total. So at the end of the week the wool market had risen by 64c, with many individual Merino fleece categories notching up a century of gains.”
NORTH QUEENSLAND REGISTER – by Annabelle Cleeland – “IN just eight years, Landmark’s Candice Cordy has climbed to one of the most senior broker positions in the industry, as the Australian Fleece Competition convener.”
RNZ – by Alexa Cook, Rural Reporter – “The wool industry finally has a bit of light at the end of the tunnel. Coarse bred wool prices were hit hard this year by a change in Chinese fashion to finer-fibre wools.”
WESTERN MAGAZINE – “Strong crowds are expected at this years Rabobank National Merino Sheep Show and Ram Sale as wool growers remain upbeat with their prospects, according to agribusiness specialist Rabobank.”
PARKES CHAMPION POST – “Trundle breast cancer survivor Carolyn Keep and Darriwell Merino Stud have teamed up in an unique way to raise money for the McGrath Foundation.
Russell and Jennifer Jones’ annual ram sale will be held on Friday September 8.”
BUSINESS.SCOOP – Edited by Jonathan Underhill & Pattrick Smellie – by Tina Morrison – “New Zealand wool prices and sale clearance rates lifted at the latest weekly auction.NZ wool market improves at weekly auction.”
FIBRE2FASHION – “In perhaps one of the more stunning weeks of selling, prices of all wool types and descriptions, apart from cardings, rose at Australian wool auctions this week. The prices increased by margins ranging from around 4 per cent for the higher priced wools to a staggering 17 per cent on the broadest wools of the long suffering crossbred sector.”
NBR – by Tina Morrison – “New Zealand wool prices and sale clearance rates lifted at the latest weekly auction.
Some 83 percent of the 8,251 wool bales offered at yesterday’s South Island auction were sold, and prices lifted for all styles of wool on offer with the coarse crossbred wool indicator up 9 cents to $2.82 a kilogram, AgriHQ said.”
SHEEP CENTRAL – “UP to one million sheep could be returned to Queensland’s central western region, if current and proposed exclusion fencing projects are fully executed, an economic analysis has determined.”
SHEEP CENTRAL – “AUSTRALIA’S wool price benchmark has broken through 1600c/kg clean for the first time as Chinese buyers switch from “hand-to-mouth” to forward buying.”