ABC NEWS – RURAL – by Brett Worthington – “The ABC can reveal the chief executive of the Australian wool industry’s peak body charged farmers and taxpayers an estimated $100,000 to attend a six-week business course in the United States which offered guest speakers, morning exercise and optional yoga.
Australian Wool Innovation (AWI) chief executive Stuart McCullough attended Stanford University’s executive program which promises to teach people “how to drive change, inspire innovation and instil excellence” across an organisation.”
ABC NEWS – RURAL – by Rural Reporters – “Australia’s wool industry is in a renaissance not seen since the golden era of the 1950s, with record prices set this week and a billion dollars in sales in the last four months.
Strong demand from China and short supplies of wool are behind the surge, with the price signal, the Eastern Market Indicator (EMI), reaching an all-time high of 1,623 cents per kilogram.”
RADIO NEW ZEALAND – “New Zealand outdoor clothing brand Icebreaker has been sold to an American retail giant.”
ABC NEWS – RURAL – by Brett Worthington – “The chief executive of the Australian wool industry’s peak body charged farmers and taxpayers an estimated $100,000 to attend a six-week business course in the United States which offered guest speakers, morning exercise and optional yoga.
Australian Wool Innovation (AWI) chief executive Stuart McCullough attended Stanford University’s executive program which promises to teach people “how to drive change, inspire innovation and instil excellence” across an organisation, the ABC can reveal.”
ABC – THE WORLD TODAY – by Jess Davis – ” With wool prices reaching new records and sales figures passing a billion dollars in just four months, Australia’s wool industry is in the midst of a renaissance.
It’s all down to strong demand from China and short supplies.
It’s a great story for those able to make good money again and is giving a boost to wool towns.
But some warn the peak is early next yea, and there’ll never be a full return to wool’s golden days.”
STOCK & LAND – by Joely Mitchell – “ROSEVILLE PARK
*47 of 50 rams sold to a top of $3250, av $1681
CODDINGTON UANDRY
*4 of 20 rams sold to a top of $2250, av $1125
ROSEVILLE Park Merino stud returned with a bang on Wednesday, after being unable to conduct its annual ram sale at Hamilton for the first time in 30 years last year.”
THE INVERELL TIMES – “The Northern Wool Market Indicator was the highest it’s ever been at 1718 yesterday.
Australian Wool Network northern regional manager Harold Manttan, who’s based in Uralla, said the indicator gained 45 points for the week.
“The 17 micron indicator is at 2454, up 77 this week, but it’s still not as high as it was in February 2011,” he said.”
SHEEP CENTRAL – “SUPPLY concerns from European and Chinese buyers, and a favourable exchange rate, helped push the AWEX Eastern Market Indicator up 45 cents to 1623c/kg clean, surpassing the previous peak set in mid-August.”
SHEEP CENTRAL – by Terry Sim – “AUSTRALIA’S wool exporters have joined brokers in voicing concerns at purported “unanimous” agreement that Australian Wool Innovation’s Wool Exchange Portal project proceed.”
SHEEP CENTRAL – “WESTERN Australian producer body WAFarmers has urged wool growers to vote for change in the 2017 Australian Wool Innovation election.”
