BUSINESS.SCOOP – Edited by Jonathan Underhill & Pattrick Smellie – Press Release New Zealand Wool Services International – “New Zealand Wool Services International Limiteds CEO, Mr John Dawson reports that the strong New Zealand dollar and restricted off-shore interest saw local prices ease.SUBDUED DEMAND AND STRONG DOLLAR SOFTENS WOOL MARKET”
THE DAILY ADVERTISER – by Nikki Reynolds – “HIGH prices for extra-heavy lambs come as no secret with the market currently booming. But when vendors receive a whopping $152.20 for the “seconds” of their Merino lambs, which were shorn earlier this week to cut a fleece worth $40, it’s time to do the maths and see some big profits.”
STOCK & LAND – by Mal Gill – “GIANT online retailer Amazon is expected to be the world’s biggest clothing seller when it opens for business in Australia next year. And, while seemingly steeped in tradition, the global wool industry and marketing of wool products is rapidly and inexorably, being drawn into the digital age.”
COUNTRY NEWS – “For the first time in its 20-year history, the powerful China Wool Industrial Association has met outside China, at the historic Lal Lal Estate near Ballarat.
Victorian Agriculture Minister Jaala Pulford welcomed more than 130 delegates representing China’s 80 major wool processors in a show of strength for increasing demand for Australian, in particular Victorian, fine Merino wool and the ability of the state’s producers to supply the finest in quality.”
THE REP – by Sonja Raasch – “THE wool market again traded lower at this week’s auction and the Cape Wools Merino Indicator decreased by 1,9% and by 298 points to close at a value of R155,59 (Clean). The Australian EMI lost 2,1% this week. The Cape Wools All Wool Indicator lost 1,9%.
Demand for longer wool was good today and prices for well-grown wool in this segment ended dearer. The finer end eased as demand at these higher price levels subsided. The short and medium length wool remained under pressure as volumes on offer have increased. Standard Wool outbid it’s competition on more than half of the bales on offer.”
STOCK & LAND – by Paula Thompson – “DRUG and alcohol abuse is a major issue for the shearing industry, according to tafeSA lecturer Glenn Haynes.
Mr Haynes was a speaker at the Drugs and Alcohol in the Shearing Industry summit held in Adelaide last week. He has worked in the industry for 27 years, from shearing across Australia and New Zealand to running his own contracting business.
NZ HERALD – “Cavalier Corp’s outlook has deteriorated further since its last earnings downgrade in February and the carpet maker is warning it now expects to post a loss of around $2 million on a normalised earnings after tax basis in the year to June 30.”
FARM WEEKLY – by Mal Gill – “HIGH passed-in rates replaced high prices at Western Wool Centre (WWC) auctions last week as the current record season rapidly draws to a close.
In his WWC market report Australian Wool Exchange (AWEX) technical controller Andrew Rickwood said the passed-in rate of fleece lots offered for sale hit 37 per cent on Thursday last week as prices continued to retreat across all wool types and descriptions.”
THE WEEKLY TIMES – “VICTORIAN ag minister Jaala Pulford welcomed 130 of the state’s most important trade partners by hitting the board. Showing the delegation from the China Wool Industrial Association that she was not all talk, Ms Pulford tried her hand at shearing while at Lal Lal estate near Ballarat.”
THE WEEKLY TIMES – by Jamie-Lee Oldfield – “LIVESTOCK genetic gain will be further fast-tracked, with both Sheep Genetics Australia and Australian Brahmans now using single step analysis.
Single step analysis means Australian sheep breeding values will now include all information from genomic testing, as well as recorded data, improving their accuracy.”