SHEEP CENTRAL – by Tim Borthwick – “There’s a groundswell of optimism and increased confidence in Queensland’s wool industry, according to Toowoomba based Elders Sheep & Wool Specialist Peter Sealy, and strong wool prices appear likely to remain, at least in the short term.”
NORTH QUEENSLAND REGISTER – by Annabelle Cleeland – “More than $3.1 billion worth of Australian wool has been sold at auction this year, closing on a record breaking run of high prices.
It marks the highest value of wool sold in a calendar year in Australian Wool Exchange (AWEX) 23-years managing wool auctions.”
NBR – by Tina Morrison – “The Merino Company turned to a loss last financial year after undergoing a major restructuring that saw it exit textile manufacturing in New Zealand to focus on growing its innovative wool spinning and colour technology businesses.”
DAILY LIBERAL – by Bill Tatt – “Rarely if ever has our industry seen such buoyancy across all markets particularly at this time of the year. Prices for all our commodities are at extremely good levels. Wool, lamb, mutton and beef are all returning outstanding results to producers. Whilst beef prices have declined somewhat from the heady days of some time ago they are still at or very near too historically record levels with regards to price.”
FIBRE2DFASHION – “The Australian Wool Production Forecasting Committee (AWPFC) has revised its forecast of shorn wool production for the 2017-18 season upwards to 345 million kilograms greasy, a 1.4 per cent increase on its final estimate of 340 mkg for the 2016-17 season. This reflects an increase in the number of sheep shorn as producers respond to the high wool prices.”
FINANCIAL REVIEW – by Brad Thompson – “Record prices, good seasons and cheap money. In a 175 years of farming in NSW, the McGufficke family reckon they have never had it so good.
Australian agriculture is riding high on the back of unprecedented wool prices driven by demand from China and shifts in the global textile industry.”
SHEEP CENTRAL – “Sheep numbers totalled 111,026 in AuctionsPlus’s final full week of trading for the year. Lambs continued to be well represented with 53,840 head offered in Tuesday’s Sale. First cross ewe lambs were in demand, with a line of 440 head were sold out of Trangie, NSW in two lines, making $252.”
THE STANDARD – by Everard Himmelreich – “Nareen station near Coleraine had a great payday this week when it sold 10,000 merino wethers and ewes in two and half hours to the booming sheep market.
The sheep were sold online through AuctionsPlus and were one of the largest offerings from a single vendor handled by the company this year.”
THE COUNTRY – NZ HERALD – by Tina Morrison – “The Merino Company turned to a loss last financial year after undergoing a major restructuring that saw it exit textile manufacturing in New Zealand to focus on growing its innovative wool spinning and colour technology businesses.
The company, which counts Australian William Lempriere as a director, posted a loss of $6.6 million in the year ended June 30, from a profit of $1.6m a year earlier, according to its 2017 annual financial report filed with the Companies Office.”
AUSTRALIAN WOOL INNOVATION – Wool market review – week ending 15 December 2017 (Week 24)