THE WEEKLY TIMES – by Jamie-Lee Oldfield – “HIGHER wool prices this year will make up for lower yields because of recent poor seasons for Neil and Briony Robertson.
Running Merino and first-cross ewes on Gledfield at Rossbridge, the couple and their three daughters sold this year’s clip of 90 bales, averaging 19.5 micron, at the Australian Wool Exchange in Melbourne recently.”
FX STREET – by Ross J Burland – “Analysts at ANZ explained that the ANZ Commodity Price Index rose 5.1% m/m in September (+11% y/y) and said that this was the fifth lift in a row, with the index now at a 17- month high…”
LAWYERS WEEKLY – by Emma Ryan – ”
Two firms have advised on a transaction which saw a large Australian network acquire a Geelong-based wool manufacturer and retailer. Firms: DibbsBarker (Australian Wool Network); Sladen Legal (Hedrena Textiles) Deal: Australian Wool Network has acquired Hedrena Textiles. Value: Undisclosed Area: M&A, property, employment
Key players: The team advising Australian Wool Network was led by DibbsBarker corporate and commercial partner Paul Schmidt-Uili (pictured), with assistance from senior associate Simone Collignon and associate Jennifer Bruns.”
NORTH QUEENSLAND REGISTER – by Annabelle Cleeland – “ECORD prices paid for breeding ewes have been repeatedly smashed this spring as phenomenal inquiry for breeding ewes soars to a new height of $456.”
NBC BAY AREA (USA) – “Hundreds of sheep triumphantly entered the small Polish town of Istebna last weekend as locals celebrated their return from mountain pastures after a long summer, dressed in traditional costumes to cheer the herds…”
EVENT MAGAZINE (UK) – “The Campaign for Wool is opening the doors to the first ever ‘Wool BnB’, where everything inside, from carpets to cardigans will be made of wool…”
NZ FARMER – Rural Reporters – “Ngamatea Station co-owner Renata Apatu has been mixing with royalty in promoting New Zealand wool in the United KIngdom.
The Campaign for Wool New Zealand Trust (CFWNZT), of which Apatu, from Hawke’s Bay, is a funder and board member, joined forces with its global partners Australian Wool Innovation, the British Wool Marketing Board and Cape Wools South Africa at the Dumfries House Wool Conference to declare their commitment to drive the goodwill Campaign for Wool project (CFW) to greater heights.”
FARM WEEKLY – by Kylie Nicholls – “LOYAL support from long-term buyers plus interstate interest ensured the success of Moorundie Park Poll Merino stud’s fourth annual on-property sale recently, with prices soaring to a top of $16,000.
In a solid result, stud principals Tom and Laura Davidson achieved a total clearance of rams for an average of $1957. “
FARM WEEKLY – by Lynette Carew-Reid – “AFTER last year’s burster of a sale the Richardson family went all out to tone down prices to a more affordable level and while the $1468 average was down on last year it was still an exceptional sale.
Prices at their Mianelup on-property sale at Gnowangerup topped at $3400 paid by a commercial wool producer and exceeded the $3000-mark, five times.”
THE WEEKLY TIMES – by Jamie-Lee Oldfield – “IT WAS a tale of two markets for wool prices last week, across both microns and selling centres.
Anything 19.5 micron or finer was on the increase, gaining more the finer it was, while all but one southern micron indicator stronger than 19.5 lost ground.”