AUSTRALIAN WOOL INNOVATION – Wool market review – week ending 27 October 2017 (Week 17)
NZ FARMER – by Chris Irons – “OPINION: At the risk of stating the obvious, farmers want the best price for what they produce.
But how many of us have an in-depth understanding of what buyers and consumers really want? And are our systems totally geared to their requirements?
Farmers should be trying our best to deliver the best quality product to customers who will pay the most, wherever they are in the world.”
FARM WEEKLY – by Colin Bettles – “EMBATTLED Australian Wool Innovation (AWI) chairman Wal Merriman has apologised for swearing at journalists recently and for his role in the man in the mirror issue that has ignited anger among wool grower levy-payers.
Mr Merriman made the two apologies to Federal senators during his opening statement at the highly-anticipated Senate supplementary budget estimates hearings in Canberra on Tuesday.”
NORTH QUEENSLAND REGISTER – by Bruce McLeish, Elders northern wool manager – “ONCE again the Australian wool market gained some benefit from a weaker local currency and growers received higher prices as a result.
The movement in US dollar terms was downwards but not by a lot, with AWEX’s EMI registering a drop of US13c for the week. In Aussie terms it moved 10c higher with the superfine sector again leading the way with gains of 30 to 40c. Medium Merino performed quite strongly to recover most of last week’s negative movements, and generally added 10 to 20c.”
THE WEEKLY TIMES – by Natalie Kotsios – “AUSTRALIAN Wool Innovation could come under the scrutiny of the national Auditor-General.
Queensland Nationals senator Barry O’Sullivan is considering requesting a full investigation by the Australian National Audit Office into the wool industry’s research and development body.”
FARM WEEKLY – by Aidan Smith – “WEST Brookton sheep farmer Keith Simmons is one of many farmers who either grows or buys in lupins as a source of feed for livestock.
With a lifetime of hands-on experience Mr Simmons said he bought in 70 tonne of lupins this year to ensure he had enough feed for his Merino flock.
“Lupins are the best thing to feed,” Mr Simmons said. “
THE RURAL – by Nikki Reynolds – “A RETURN to glory days for the wool industry could push the value of this commodity past the lucrative $3 billion mark for the year.
New figures out show that wool has reached the billion dollar mark so far and with flock numbers at lows industry leaders say the demand for fibre is pushing the commodity into new territory.”
THE RURAL – Weekly Wool Market Report
Season 18 – Week 17
Source: Australian Wool Exchange (AWEX)
SHEEP CENTRAL – “MERINO wool prices improved 10-40 cents a kilogram this week as buyers fought for market share, but crossbred values fell a further 20-30 cents.”
SHEEP CENTRAL – “LEADERSHIP capability in Australia’s sheep meat and wool sectors has been given a $630,000-plus boost from the Federal Government.”