FINANCIAL REVIEW – by Simon Evans – “Victoria Wool Processors washes and purifies 35 tonnes of wool each day from its premises at Laverton North on the outskirts of Melbourne. It’s been in business for 27 years and processes about 3 per cent of the country’s national wool clip, but the gas crisis is leaving it teetering on the edge.”
QUEENSLAND COUNTRY LIFE – by Annabelle Cleeland – “THE wool market continued its unrelenting rise this week climbing a further 24 cents a kilogram week-on-week – marking the seventh consecutive week the Eastern Market Indicator (EMI) has increased.
The EMI closed at 1546c/kg, a 26 per cent hike on year-ago levels.”
THE WEST AUSTRALIAN – by Bob Garnant – “Australian Wool Innovation will conduct a cost benefit analysis into moving its Sydney office to a lower cost regional area.
AWI chief executive Stuart McCullough and board chairman Walter Merriman attended a recent Senate Estimates Committee hearing in Canberra that outlaid the Federal Government’s decentralisation agenda.”
THE WEST AUSTRALIAN – by Bob Garnant – “Woolkabin stud founder Elliott Patterson, who passed away in 2011, had a dream — to win the supreme title in Wagin Woolorama’s Merino section.
With the stud showing sheep every year since the event’s autumn conception, his wish came true this year.”
THE WEST AUSTRALIAN – by Bob Garnant – “Bourne Events model Jordan Cayless dressed in the comfort and style of Australian Merino wool in the Wagin morning sunshine, as she took the fibre back to its land of origin.
The gown, which also graced the catwalk at Woolorama, was one of eight woollen garments from China’s Jiangsu Sunshine Group on show.”
ABC NEWS – RURAL – SA Country Hour – “With a majority of Australia’s wool heading to China, a group of young wool producers have had the opportunity to see where it all goes.
The trip, organised by Australian Wool Innovation, involved a group of 15 producers from around Australia travelling together to see mills, factories and the final product in retail.”
ABC NEWS – ABC Open contributor Jason Schmidt – “A yard of sheep at sunset in Bulart, Victoria.”
SKY NEWS – “New Zealand’s wool market has picked up at the latest weekly auctions across the North and South island.
Compared with the last double auction a fortnight ago, the average price for 30-micron lamb wool rose 25 cents to $4.25 a kilogram on Thursday, while the average price for 35-micron crossbred wool increased 20c to $4.13/kg, according to AgriHQ.”
SHEEP CENTRAL – “FINE wool prices surged by up to 100 cents-plus in auction this week as the Australian market continued its bull run. Clips continued to come out of on-farm and broker storages and brokers advised against woolgrowers shearing too early to capture the high prices, as the AWEX Eastern Market Indicator rose by 26 cents to a new historical peak of 1546c/kg clean this week.”
FIBRE2FASHION – “In yet another impressive week for wool sellers at Australian wool auctions, the AWEX Eastern Market Indicator (EMI) has broken new ground once more to escalate to 1546ac clean/kg by the close of selling, a 24ac gain for the week. Strong price gains were seen for most of the wool on offer as the market defied stronger AUD against major trading currencies.”