FIBRE2FASHION – “The extensive gains of over 6 per cent in AUD terms seen in the previous week could not be sustained at the Australian wool auction this week, and the market was cheaper from the first lot put up for auction. The Australian Wool Exchange (AWEX) Eastern Market Indicator (EMI) shifted downward by 48ac clean/kg or 2.27 per cent to close at 2068ac clean/kg.”
STOCK & LAND – by Alastair Dowie – Northern Victoria Resource Manager, Mark Bailey, recently updated the 2018/19 seasonal determinations and outlooks.
Dr Bailey said Eildon has seen some really good inflows in the past two weeks.
He said the rainfall about a week ago produced a minor flood warning above Eildon on the Goulburn River.”
QUEENSLAND COUNTRY LIFE – by Bruce McLeish, Elders northern zone wool manager – “THE almost ‘necessary’ correction to the wool market is actually still yet to fully play out.
This week we saw the currency move against the fortunes of Australian exporters causing a deterioration in prices received with AWEX’s eastern market indicator falling by 48c to 2068c. However, in US dollar terms the market only eased by 18c, thus making sure that the correction for overseas customers was negligible. So, what the currency market gave to growers the previous week was again taken back.”
QUEENSLAND COUNTRY LIFE – by Sally Cripps – “World champion shearer, Dwayne Black, has described the 18-strong shearing school held at Tambo as the start of big things for Queensland.
The Western Australian identity has held a training role for Australian Wool Innovation for a number of years and has travelled the country in that role, and said the number of young people signing on for the event organised by Blackall’s Alison Krieg was the best turnout at a school ever.”
QUEENSLAND COUNTRY LIFE – by Sally Cripps – “The young people of western Queensland have demonstrated their desire to be part of a wool revival; now the ball is in the court of local shearing contractors.
That’s the challenge put out by Blackall’s Alison Krieg, who instigated a completely booked-out shearing school at Tambo recently.”
COUNTRY NEWS – by Rodney Woods – “The 23rd annual North East Merino Ram Sale was held on August 14 at Benalla Showgrounds, with the eight participating studs offering 61 Merino and Poll Merino rams for sale.
With the crippling drought in NSW and Queensland, and conditions in the north-east not being as bad — but not great either — there were a few concerns about how the sale would go.”
STOCK & LAND – by Joely Mitchell – “Landmark’s Candice Cordy has taken out the 2018 Wool Broker of the Year title.
The Bendigo wool account manager’s prestigious win was announced at the Australian Wool Industries Secretariat’s Wool Week gala on Thursday night in Melbourne.”
CMO – by Nadia Cameron – “Global head of digital and innovation talks to CMO about how AI is informing fashion tech development, retail’s evolution, plus the impact of voice and connected devices on fashion and customer engagement.”
NORTH QUEENSLAND REGISTER – by Kristen Frost – “The dollar and supply scenario have combined favourably in the past week to push the Eastern Market Indicator (EMI) to a new record high of 2116 cents a kilogram.
The indicator jumped an astonishing 126c at last week’s sales on the back of a frenetic market, and on Wednesday included the largest single day increase since 2002 of 99c/kg.”
STOCK & LAND – by Joely Mitchell – “Snow and hail blanketed much of Victoria this week, and another cold front is on its way.
But Bureau of Meteorology senior forecaster Keris Arndt said it won’t be as big as the winter blast that occurred over the weekend, which saw snow fall in parts of the State normally too low to record a dumping.”