THE WEEKLY TIMES – by Jamie-Lee Oldfield – “AUSTRALIAN Wool Innovation’s proposed new wool-selling system has hit a hurdle, with rival selling platform Australian Wool Exchange refusing to hand over vital data.
Without the wool-type and price data, development of AWI’s Wool Exchange Portal could grind to a halt.
AWEX, which manages wool sales, has raised concerns the AWI’s portal could use the data to directly compete with it.”
THE WEST AUSTRALIAN – by Bob Garnant – “Australian Wool Innovation has defended the covert presence of its chairman, Wal Merriman, at an anonymous focus group meeting organised to discuss the future direction of genetic programs run by the research and development company.
The breeders, two of whom were from WA, were assured by both AWI and the market research company Axiom Research that they would be able to share their thoughts on the Merinoselect technology without their identities being compromised.”
SHEEP CENTRAL – “FARM business consultant Phil Holmes has written an open letter to Australian Wool Innovation’s board urging its sponsorship of a challenge to visual sheep classers to prove the worth of their skills.”
THE WEEKLY TIMES – by Jamie-Lee Oldfield – “THE movement in the wool market can be described by the pass-in rate last week, with more than 15 per cent of bales offered not sold.
In the Merino fleeces, this climbed to more than 18 per cent.
The eastern market indicator lost 31c/kg, or about 2 per cent, to finish last week at 1525c/kg.”
QUEENSLAND COUNTRY LIFE – by Annabelle Cleeland – “FOLLOWING an exodus of Australia’s wool export giants in recent years, the strength of those still standing is powerful.
Poor margins and low demand was the catalyst for international wool export companies to close their Australian trading arm in the past decade.”
FARM WEEKLY – by Mal Gill – “A dry winter and a rain-disrupted start to spring shearing in WA this season was relected in Australian Wool Testing Authority (AWTA) data released two weeks ago.”
THE WEEKLY TIMES – by Natalie Kotsios – “Australian farm production value is tipped to plummet 9% for 2017 – 18, after last year’s record-breaker. The gross value of farm production is forecast to fall to $58 billion thanks to a drop in crop production, according to the Australian Bureau of Agricultural and Resource Economics and Sciences’ September agricultural commodities report.”
SHEEP CENTRAL – by Terry Sim – “WOOL Exchange Portal working group chairman Will Wilson and New South Wales wool broker and grower Don Macdonald have successfully nominated for the 2017 Australian Wool Innovation board election.”
SHEEP CENTRAL – by Terry Sim – “WOOL Industry stakeholders have urged settlement of the rift between the Australian Wool Exchange and Australian Wool Innovation over data and ownership of the proposed Wool Exchange Portal.”
NORTH QUEENSLAND REGISTER – by Bruce McLeish – “THE Australian wool market, and therefore Merino prices around the globe took a step back during the past week as higher currency exchange rates and uncertainty from customers came to the fore. On average Merino types eased by 40 or 50c/kg, with the low performing high mid-break lots being more severely discounted, but even the better style lots showed an easier tendency temporarily.”