NORTH QUEENSLAND REGISTER – “Australian Wool Innovation needs to modernise, move to a skills-based board, improve transparency of proxy voting and limit board members to 10 years’ tenure, an independent review has found.”
ABC – THE WORLD TODAY – by Brett Worthington – “The chairman at the centre of the wool industry’s “man in the mirror” scandal will be unable to keep his job if the organisation he leads fully implements the findings of an independent review.”
THE RURAL – by Marty Moses – “WOOL prices have closed for the week down 62c/kg.
The Eastern Market Indicator settled at 1994c.”
ABC NEWS – Gippsland – by Emma Field and Isabella Pittaway – “A hugely popular and successful wild dog baiting project is under threat after Australian Wool Innovation confirmed its funding of the program would be phased out.
This is despite the wool body, which is predominantly funded by wool-farmer levies, expecting to reap a record windfall after unprecedented wool prices.”
SHEEP CENTRAL – AUSTRALIAN sheep producers battling seasonal conditions continued to market large numbers of scanned ewes on AuctionsPlus last week.”
STOCK & LAND – by Alastair Dowie – “Tough seasonal conditions in much of the catchment areadid not deter woolgrowers from turning out for the opening day of the 2018 Gippsland Merino Field Days.
Good numbers of wool and sheep growers from across large areas of Gippsland as well as the north-east of Victoria made the trip to studs.”
KTVH.COM – by MTN News – “BILLINGS – American wool is in high demand in the United States and around the world and it is good news for this region’s sheep producers.
“The market is at a record high,” said Scott Lammers, manager of the Center of the Nation Wool warehouse in Billings. “I’ve been here 20 years and we’ve seen similar prices once before.” “
SHEEP CENTRAL – by Terry Sim – “AUSTRALIA’S peak wool marketing and research body could soon lose its chairman Wal Merriman and two other board members if shareholders implement maximum 10-year director terms recommended by an AWI performance and governance review.”
SHEEP CENTRAL – “AUSTRALIAN Wool Innovation’s board “mood” is to adopt the recommendations of the body’s latest performance and governance review, AWI chief executive officer Stuart McCullough said today.”
SHEEP CENTRAL – “AUSTRALIAN wool growers have been urged to forward a portion of their clip to manage risk ahead of any slowing of demand.”