NORTH QUEENSLAND REGISTER – by Annabelle Cleeland – “MORE than 25 years ago, wool industry stalwart Peter Morgan wanted to drown out the noise of subjective market analysists with no-fuss, objective data.
In the 1990s, far fetching speculations of plummeting production levels following the collapse of the Reserve Price Scheme were being bandied around the industry, which in turn had huge ramifications on the Wool Product Forecasting Committee (WFPC) analysis.”
WESTERN MAGAZINE – by Will Chaffey – “Week starting 10/4/17
A further correction was felt in the Australian Wool market this week with the Eastern Market indicator (EMI) settling at 1,459c/kg, a reduction of 43 cents at the end of the week’s trade.”
THE WEEKLY TIMES – “HERE’s a cargo you wouldn’t want to leave unattended.
Wool grower Shayne Smith, from Dumbleyung in Western Australia, took this picture of his wool being carted in a grain truck, then sent the picture out on Twitter with the following: “Most profitable way to fill grain tippers in 2017”.”
QUEENSLAND COUNTRY LIFE – by Bruce McLeish, Elders norther wool manager – “A CONTINUATION of the corrective move, then a flattening out and finally some improvement occurred during the wool market in Australia during the past week.”
THE AUSTRALIAN – by Sue Neales – “Regional Australia’s ice plague is ripping through the shearing industry, busting apart decades of wool industry traditions and generating drug-fuelled distrust between shearers, farmers and their woolshed workers.”
OTAGO DAILY TIMES – by Sally Rae – “Falling volumes are forecast to push meat and wool exports down to $8.2 billion in the year ending June this year.
That was a 9.6% drop from the previous year and $40million lower than the previous forecast in December last year, a new quarterly update of the Ministry for Primary Industries’ Situation and Outlook for Primary Industries said.”
WESTERN MAGAZINE – “The success of a record breaking charity auction was celebrated in Parkes last month. More than 60 guests were on hand at the Parkes Services Club to toast the success of Quality Wool’s recent charity wool auction for Ronald McDonald House Westmead, which raised $77,000 to assist seriously-ill children and their familieS.”
SHEEP CENTRAL – “AUSTRALIAN wool prices experienced a dramatic correction again this week, with most Merino types losing 50-100 cents, although a positive trend emerged in later sales.”
NBR – by Tina Morrison – “New Zealand’s wool market has just had the lowest clearance rate in almost eight years recorded at the latest weekly auction.”
SHEEP CENTRAL – by Michael Avery, Southern Aurora Wool – “THE deep retraction in prices in the wool auction market had only a minor impact on the forward markets this week.”