AUSTRALIAN WOOL INNOVATION – Wool market review – week ending 23 August 2018 (Week 8)
THE STANDARD – “ST HELENS farmer David Rowbottom has been recognised for his contribution to the Australian wool industry.”
STUFF – by Pat Deavoll – “New Zealand’s high country merino farmers are seeing the best prices for their fine wool in years, to the detriment of their Australian counterparts.
Australian wool buyers are flocking across the Tasman to buy merino wool from New Zealand because the main sheep farming region of New South Wales has been severely affected by a long running drought.”
SHEEP CENTRAL – “
SHEEP CENTRAL – by Terry Sim – “AUSTRALIAN Wool Innovation is seeking to delay implementation of key recommendations from its latest governance and performance review until next year.”
FIBRE2FASHION – “The extensive gains of over 6 per cent in AUD terms seen in the previous week could not be sustained at the Australian wool auction this week, and the market was cheaper from the first lot put up for auction. The Australian Wool Exchange (AWEX) Eastern Market Indicator (EMI) shifted downward by 48ac clean/kg or 2.27 per cent to close at 2068ac clean/kg.”
STOCK & LAND – by Alastair Dowie – Northern Victoria Resource Manager, Mark Bailey, recently updated the 2018/19 seasonal determinations and outlooks.
Dr Bailey said Eildon has seen some really good inflows in the past two weeks.
He said the rainfall about a week ago produced a minor flood warning above Eildon on the Goulburn River.”
QUEENSLAND COUNTRY LIFE – by Bruce McLeish, Elders northern zone wool manager – “THE almost ‘necessary’ correction to the wool market is actually still yet to fully play out.
This week we saw the currency move against the fortunes of Australian exporters causing a deterioration in prices received with AWEX’s eastern market indicator falling by 48c to 2068c. However, in US dollar terms the market only eased by 18c, thus making sure that the correction for overseas customers was negligible. So, what the currency market gave to growers the previous week was again taken back.”
QUEENSLAND COUNTRY LIFE – by Sally Cripps – “World champion shearer, Dwayne Black, has described the 18-strong shearing school held at Tambo as the start of big things for Queensland.
The Western Australian identity has held a training role for Australian Wool Innovation for a number of years and has travelled the country in that role, and said the number of young people signing on for the event organised by Blackall’s Alison Krieg was the best turnout at a school ever.”
QUEENSLAND COUNTRY LIFE – by Sally Cripps – “The young people of western Queensland have demonstrated their desire to be part of a wool revival; now the ball is in the court of local shearing contractors.
That’s the challenge put out by Blackall’s Alison Krieg, who instigated a completely booked-out shearing school at Tambo recently.”