NORTH QUEENSLAND REGISTER – by Annabelle Cleeland – “It is said that if you pay peanuts, you get monkeys, but how many peanuts are levy and tax payers contributing to the executive and board members of our research organisations?
Finding the numbers is not straightforward. Of the five agricultural research and development corporations (RDC) examined by Fairfax Ag Media, none reported both board and executive pay up-front in annual reports, although all bodies did respond to enquiries.”
FIBRE2FASHION – “The Woolmark Company in collaboration with Mumbai-based Shoppers Stop Limited focused on Australian merino wool at WoolFest 2017. As part of the Grown in Australia, Made in India campaign that highlights the farm to fashion journey of wool, WoolFest encouraged the use and integration of merino wool as a trans-seasonal fibre into the daily wardrobe.”
STUFF – BUSINESS DAY – by Michael Wright – “Garth Carnaby has unfinished business.
Forty years after the Canterbury scientist first entered the New Zealand wool industry, he has returned, hoping to find new uses for an unloved commodity.
He stepped back from wool in the early 2000s, when things got really bad, and into the world of science and business administration, forging a second career that has seen him appointed a Companion of the New Zealand Order of Merit for his service to science and governance in the New Year Honours.”
FARM WEEKLY – by Mike Foley – “PROPONENTS of regional reform would move as many of our public institutions from Canberra and other capital cities to the bush as practicable.
A champion of the cause is Deputy Prime Minister Barnaby Joyce. He got the ball rolling as Agriculture Minister, moving the Australian Pesticides and Veterinary Medicines Authority into his electorate at Armidale.”
SBS NEWS – by Rena Sarumpaet – “International prices for wool soared to new highs in 2017 thanks to demand from China. Is it enough to call it a boom?”
SJ SOURCING JOURNAL – by Arthur Friedman – “While wool stands at just over 1 percent of the world’s total fiber production, speakers at the recent Wool Round Table 7 in Port Elizabeth, South Africa, said the outlook is for viability and continued usage based on sustainability and reliability.
“We are swamped by the thing that will end up in landfill,” said Peter Ackroyd, president of the International Wool Textile Organization (IWTO). “But with scientific correctness, we can counter the arguments against wool.” “
QUEENSLAND COUNTRY LIFE – by Annabelle Cleeland – “More than $3.1 billion worth of Australian wool has been sold at auction this year, closing on a record breaking run of high prices.
It marks the highest value of wool sold in a calendar year in Australian Wool Exchange’s (AWEX) 23 years managing wool auctions.
With the AWEX Eastern Market Indicator (EMI) closing 405 cents a kilogram above the same time last year – representing a 30 per cent jump – AWEX senior market analyst Lionel Plunkett said it had been a year for the record books.”
QUEENSLAND COUNTRY LIFE – by Annabelle Cleeland – “Major Chinese wool processors are tipped to sidestep export buyers and enter the auction room in 2018, as demand is expected to outstrip growth in supply.
Currently on business in China, Victoria Wool Processor, Sydney manager, Harry Ying said he was aware of woollen mills that were establishing buyers in Melbourne, Sydney and Fremantle.
“You will find new names on the Australian Wool Exchange export list next year,” Mr Ying said.”
FARM WEEKLY – “WOOL production and sheep numbers shorn are both expected to increase this season on the strength of record wool prices.
The Australian Wool Production Forecasting Committee (AWPFC) has revised its wool production forecast for the 2017-18 season upwards to 345 million kilograms greasy, a 1.4 per cent increase on its final estimate of 340mkg for last season.”