OTAGO DAILY TIMES – by Sally Rae – ” Prices at last week’s South Island wool sale rebounded after a month of uncertainty.
There was a small volume of wool and prices lifted up to 4% across most categories.
There was strong demand for oddments and sound crossbred fleece, Roger Fuller, of CP Wool, said.”
OTAGO DAILY TIMES – by Sally Rae – ” It all began with cold, wet feet.
American couple Peter and Patty Duke were long-time ski instructors before embarking on a business career which has resulted in their launching outdoor apparel brand SmartWool.
The company, based in Steamboat Springs, Colorado, was later sold to Timberland and is now a wholly owned subsidiary of the VF Corporation, which owns other well-known brands such as Wrangler, The North Face and Lee.”
APPAREL – “Textile Exchange released the second draft of the Responsible Wool Standard (RWS) for public stakeholder review. The stakeholder review is an important opportunity for interested parties to give input into the standard, and to ensure that it meets its goals and delivers value to the wool industry.”
THE MURRAY VALLEY STANDARD – “Twenty-one year old Thomas Hunter was announced the 2016 Southern Country Shows Rural Ambassador at the annual dinner on April 30.
Representing the Coonalpyn Show, he was selected in the 20-30 year-old section of the competition and announced winner.”
AUSTRALIAN WOOL INNOVATION – Weekly price Reports
TVNZ – by Mark Hathaway – “A deal struck between Kiwi farmers and a top-end Australian carpet manufacturer is a welcome boost for the New Zealand wool industry.”
MUDGEE GUARDIAN & GULGONG ADVERTISER – “Every way that natural fibres can be spun, woven, twisted, knitted or stitched into colourful creations was on display at the Wool and Natural Fibre Muster in Mudgee on Saturday and Sunday.”
SHEEP CENTRAL – “WOOL prices rose this week after a record 1.75 percent cut in the Reserve Bank’s cash rate triggered a further decline in the Australian-US dollar exchange rate.”
NBR – by Tina Morrison – “New Zealand wool prices advanced at auction this week as a seasonal drop in supply bolstered the market.”
FARM WEEKLY – by Annabelle Beale – “THE wool market is riding a two-week rally as the Australian dollar plunges by two per cent in reaction to the Reserve Bank of Australia’s interest-rate cut to a record low of 1.75pc.
Early trading yesterday at Sydney and Melbourne indicated a 20 cent hike on last week’s Eastern Market Indicator (EMI) to nudge 1260 cents per kilogram, according to Australia Wool Exchange senior market analyst Lionel Plunkett.”