FINANCIAL REVIEW – by Sarah Turner – “Australia’s wool farmers are hopeful record wool prices will provide some protection from the heartbreaking cycles of boom and bust that have traditionally been their lot.
The benchmark Eastern Wool Indicator crossed over the $20 a kilo mark for the first time recently and continues to advance as supply and demand trends converge into a winning combination for wool. In late 2012 wool fetched just over $10 a kilo, and just $13 as recently as two years ago.”
SHEEP CENTRAL – “AUSTRALIAN wool prices dipped again this week, with quality and selected wools holding their value, and some crossbreds and Merino types, and lower spec lines dragging the market back.”
FIBRE2FASHION – “Australia produces around 60 per cent of all apparel wool (< 24.5 um), which is mainly Merino wool, and around 90 per cent of the fine apparel wool (<19.5 um), which is all Merino wool, as per an official from Australian Wool Innovation (AWI). Wool from the Merino breed of sheep of Australia is the preferred wool fibre for use in apparels."
FASHION UNITED (UK) – by Danielle Wightman-Stone – “The 2018/19 International Woolmark Prize has announced the 12 finalists who will take part in the global final, set to take place in February 2019 in London, following three semi-final events held in Hong Kong, London and New York.”
FIBRE2FASHION – Courtesy Woolmark – “The Woolmark Company has declared the 12 fashion labels to compete in the global final of the 2018/19 International Woolmark Prize (IWP). Finalists will be invited to compete in the global final to be held in London in February 2019 as well as to receive mentoring support from a global panel of experts, showcasing opportunities and a Woolmark licence.”
SHEEP CENTRAL – “QUEENSLAND had the potential to double its sheep numbers in 10 years, Leading Sheep advisory panel chairman Don Perkins said today.”
INDIA RETAILING – by India Retailing Bureau – “A panel comprising of designer Rahul Mishra; Managing Editor Esquire Hong Kong Angus Lui; Grazia Middle East Editor-in-Chief Alison Tay; 10 and 10 Men Magazine Australia Editor Alison Veness; 10 and 10 Men Magazine Australia Associate Editor Rebecca Khoury; Ordre Co-Founder and Fashion Director Kirsten Lock; Lane Crawford womens wear Buyer Tawny Leung and Takashimaya womens wear Buyer Ayako Midorikawa and menswear buyer Keiko Kadosugi selected the four winners.”
THE SYDNEY MORNING HERALD – by Melissa Singer – “Fashion designer Marina Afonina’s head is spinning. And it’s not just the sticky Manhattan heat.
Last week, the Albus Lumen designer was showing her range in Europe. She returned home to Sydney on the weekend to pack her young son for their planned holiday to Italy and Greece next week.”
FARM WEEKLY – Advertiser Content for AWI – “A new AWI-funded study has investigated the effect that wool, cotton and polyester sleepwear each have on the sleep quality of older adults (aged 50-70) under warm conditions.
Consistent with previous research in relation to younger adults, the new research found that a better night’s sleep is achieved when sleeping in wool.
Shifts in global demographics are working in favour of the wool industry.”
THE WEEKLY TIMES – by Sophie Lewis – “MERINO wool is having a stellar run in the retail market, thanks to a rising demand for the fibre in sportswear.
Australian Wool Innovation chief executive officer Stuart McCullough said demand was part of an “uber trend” in fashion.”