AUSTRALIAN WOOL INNOVATION – Wool market review – week ending 25 November 2016 (Week 21)
SHEEP CENTRAL – “AUSTRALIA’S wool clip has exceeded the $1 billion value mark three weeks earlier than last year with a surge in Merino wool prices this week.”
NZ FARMER – by Brittany Pickett – “As one New Zealand wool buying firm closes another expands, with Segard Masurel taking on three new buyers.
The company is expanding its existing wool buying operations in the South Island following the closure of H Dawson Farm Direct.
H Dawson Farm Direct announced it was closing its doors on Wednesday as a result of Chinese textile market contraction, Brexit, exchange rates and the reducing wool clip.”
THE WEEKLY TIMES – by Nicola Bell – ” THE wool market is healthy because of rising demand, according to Australian Wool Innovation.
AWI chairman Wal Merriman told last week’s annual general meeting in Sydney it had been “a positive year for wool-growing”.
Mr Merriman said in 2015-16 the average Eastern Market Indicator was more than 150c/kg higher than the previous year and the monthly EMI average was 1200c/kg.”
THE WEEKLY TIMES – by Nicola Bell – “IT’S true you may not always agree with the news you read or watch — but it’s also true there is a real reason why the media exists.
As a journalist, I put questions to often unreachable companies or people, and give that information to the community that may be affected — positively or negatively.”
SCOOP INDEPENDENT NEWS – Press Release World Shearing Champs – “The 2017 World Shearing title is a wide-open contest according to former champion Gavin Mutch.
The transplanted Scotsman, who farms in Taranaki, comes up with a long list of contenders when asked who will provide the biggest challenge in his attempt for a second individual title at the World Shearing and Woolhandling Championships in Invercargill, New Zealand in February. At the top of the list is his good kiwi mate.”
NORTH QUEENSLAND REGISTER – by Annabelle Cleeland – “THE wool market is firing as a post-flood surge in supply struggles to dampen demand for Merino fleeces.
Last week marked the third consecutive run of high volumes, with the national offering of 47190 bales having little effect prices.
The Eastern Market Indicator (EMI) soared to 1314 cents per kilogram, an increase of 24c, while the West Australian market indicator closed the week at 1382c.”
SCOOP BUSINESS – Press Release New Zealand Wool Services International – “New Zealand Wool Services International Ltds Marketing Executive Mr Malcolm Ching reports that the 7250 bales of North Island wool on offer saw a 72 percent clearance with most types easing further. Some good colour types resisted this trend as buyers continue very focused buying with targeted better style wools getting more support.”
THE WEEKLY TIMES – by Alice Pohlner – “MURRAY Woods couldn’t have picked a better year to grow his first wool clip.
Great seasonal conditions and improving wool prices have left him pleased to have chosen Merinos to kickstart his sheep operation.
Mr Woods sold 14 bales of Merino fleece wool with an average of 16.6 microns for a top of $1148 a bale at the wool stores in Melbourne last week.”
SHEEP CENTRAL – by Terry Sim – “ABOUT $1.8 million will be spent on wild dog management in South Australia next year, but the state government is continuing to ignore sheep producer calls for funding to employ professional trappers south of the state’s dog fence.”