QUEENSLAND COUNTRY LIFE – by Bruce McLeish, Elders northern zone wool manager – “THE build-up of drought affected fine wools led to a severe correction across the board last week with the EMI dropping closing 96c lower on 1874c.”
ABC NEWS – by Chantel McAlister and Jane Curtis – “What does the Australian wool industry look like? “Dust and everyday sheep”, thinks former master wool classer turned photographer Chantel McAlister, and she has the photos to prove it.
Since 2015, McAlister has photographed modern, on-farm wool production processes across Queensland, New South Wales, Tasmania and Western Australia.”
THE HILLTOPS PHOENX – by Moses & Son – “The AWEX EMI closed on 1874c – down 96c at auction sales and the lowest EMI for 5½ months. The EMI lost 72c on Wednesday – the largest single day fall in 15 years and, furthermore Thursday’s 24c fall created the largest weekly price fall for 15 years. Exporters entered the week with small quantity orders sold well below last week’s market close and predictably the result from the opening lot was a continuance of the market’s negative direction from the previous 4 weeks.”
FARMERS GUARDIAN (UK) – by Howard Walsh – “AN allegedly unfair and outdated wool marketing system in Norway could ultimately result in long-term damage to the British wool market, a group of eight of the nine buyers currently active in the British Wool Marketing Board (BWMB) auctions claimed.”
FARM WEEKLY – by Jesinta Burton – “AFTER more than a decade, the Esperance Spinners and Weavers returned to the Esperance and Districts Agricultural Show – spinning and knitting for a special cause.
The group performed a two-day demonstration to create a woollen jumper from donated fleece for auction, with all proceeds going to drought-stricken farmers in the Eastern States. “
AUSTRALIAN WOOL INNOVATION – Wool market review – week ending 26 October 2018 (Week 17)
STOCK & LAND – by Joely Mitchell – “*85 of 98 rams sold to $7000, av $2841
A booming sheep and wool market supported the sale of 98 rams at Stud Park South’s recent ram sale, where a record average was received.
Only 13 rams in the catalogue were passed in, selling to a top of $7000, and an average price of $2841.”
TOWN & COUNTRY – Elders – Season 18 – Week 17 – Source: Australian Wool Exchange (AWEX) – “After a short lived upward trend of the Australian wool market, the market has continued its downward slide into negative territory in Week 17.
A heavily reduced market was evident from the outset, and as the sale progressed buyer confidence slowly eroded, pushing prices continually down.”
WOOLNEWS.NET – “Bloch & Behrens NZ – Answering the call for transparency… 2018 wool2yarn magazines just published … NZ Woolscour Holdings buys shares in Cavalier Wool Holdings … AWI Commentary – Australian Wool Sales (24 and 25 October 2018) … “
SHEEP CENTRAL – “AUSTRALIAN wool prices fell by up to 155 cents this week and growers resisted the price corrections as reports of limited new business and forward contracts undermined the market.”