SBS NEWS – by Rena Sarumpaet – “International prices for wool soared to new highs in 2017 thanks to demand from China. Is it enough to call it a boom?”
SJ SOURCING JOURNAL – by Arthur Friedman – “While wool stands at just over 1 percent of the world’s total fiber production, speakers at the recent Wool Round Table 7 in Port Elizabeth, South Africa, said the outlook is for viability and continued usage based on sustainability and reliability.
“We are swamped by the thing that will end up in landfill,” said Peter Ackroyd, president of the International Wool Textile Organization (IWTO). “But with scientific correctness, we can counter the arguments against wool.” “
QUEENSLAND COUNTRY LIFE – by Annabelle Cleeland – “More than $3.1 billion worth of Australian wool has been sold at auction this year, closing on a record breaking run of high prices.
It marks the highest value of wool sold in a calendar year in Australian Wool Exchange’s (AWEX) 23 years managing wool auctions.
With the AWEX Eastern Market Indicator (EMI) closing 405 cents a kilogram above the same time last year – representing a 30 per cent jump – AWEX senior market analyst Lionel Plunkett said it had been a year for the record books.”
QUEENSLAND COUNTRY LIFE – by Annabelle Cleeland – “Major Chinese wool processors are tipped to sidestep export buyers and enter the auction room in 2018, as demand is expected to outstrip growth in supply.
Currently on business in China, Victoria Wool Processor, Sydney manager, Harry Ying said he was aware of woollen mills that were establishing buyers in Melbourne, Sydney and Fremantle.
“You will find new names on the Australian Wool Exchange export list next year,” Mr Ying said.”
FARM WEEKLY – “WOOL production and sheep numbers shorn are both expected to increase this season on the strength of record wool prices.
The Australian Wool Production Forecasting Committee (AWPFC) has revised its wool production forecast for the 2017-18 season upwards to 345 million kilograms greasy, a 1.4 per cent increase on its final estimate of 340mkg for last season.”
MUMBAILIVE – by Jigar Ganatra – “After the success of last year’s Wool Runway, a design challenge for university students, The Woolmark Company has successfully completed the second edition on another high note. Envisioned as a celebration of tertiary fashion designers, the competition also educated young designers on working with Merino Wool”
FIBRE2FASHION – “Design students from various leading fashion universities showcased innovative techniques at the second edition of Wool Runway that was held in Mumbai recently. Envisioned as a celebration of tertiary fashion designers, the competition organised by the Woolmark Company also educated more than 700 students on the benefits and versatility of Merino wool.”
FARM WEEKLY – by Mal Gill – “RECORD breaking ran out of steam a day short of ending an exceptional year on the highest prices seen at the Western Wool Centre (WWC) for at least 22 years.
The Western Indicator (WI), the full-fleece price guide range across 18 to 22 micron and the Merino cardings guide set new Australian Wool Exchange (AWEX) records on Wednesday last week, the second last live-auction day’s trade at the WWC this year.”
THE WEST AUSTRALIAN – by Bob Garnant – “Australian Merino fashion apparel was showcased at the inaugural international Eco Fashion Week Australia across five days in November at various Perth venues.
The organic haute couture event included a swag of local and international designers, who shared the same passion and artistic flair towards environmentally friendly fibres.
Launching among the beautiful surrounds at Taylors Art & Coffee House in the Swan Valley, guests were treated to a didgeridoo rhythm runway, which preceded five nights of 44 captivating design collections paraded in historic Fremantle.”