WESTERN MAGAZINE – by Will Chaffey, District Wool Manager, Central West NSW – “Week starting 20/11/2017
With over $96 million worth of wool sold nationally last week, the Eastern Market indicator gained 2 cents from an offering of over 50,500 bales, remaining almost 30 percent higher than this time last year.”
SHEEP CENTRAL – “FINE Merino wool prices improved in Australian auctions this week, but crossbred fleece values declined further.”
AUSTRALIAN WOOL INNOVATION – Press Release – “Many key facts illustrating wool’s renewability, biodegradability, and ultimate environmental footprint have been compiled in a series of factsheets, free to anyone wanting to know the facts and promote the natural fibre.”
THE INVERELL TIMES – by Heidi Gibson – “Sheep grazier Graeme Tonkin represents the latest generation in a century of his family’s farming in the Delungra district. At 59 he owns and operates “Vallyn” – an 1100 hectare property running around 3000 merino sheep, average micron 17.5, with New England rams.”
OTAGO DAILY TIMES – by Sally Rae – “Watching the volume of wool growing for Lanaco’s healthcare products and seeing lambs being born from specifically bred genetics is a ‘‘dream come true’’ for Nick Davenport.
Mr Davenport is chief executive and founder of the Auckland-based company, previously known as Texus Fibre, which specialises in fibre innovation and developing functional materials derived from wool.”
THE BORDER MAIL – by David Everist – “The staggering prices being paid for first cross ewes surely demonstrates that producers believe that prime lamb prices will be buoyant in coming years.
At Naracoorte, $366 was shelled out for a line of outstanding ewes and at Bendigo $330 was paid for well-bred well grown ewes.
Eighty five per cent of the 18,000 first cross ewes yarded at Naracoorte sold at $300 and higher.”
NEWSHUB – by Lucy Warhurst – “Merino prices are up 50 percent on last year thanks to strong fashion demand.
Sales of fine wool this week were up 3 to 7 percent, with fine merinos going for $30 a kilogram, clean.
It’s down to a global demand for quality clothing.”
OTAGO DAILY TIMES – by Sally Rae – “Prices for all wool breeds increased at this week’s South Island wool sale, which was held live as part of the Canterbury A&P Show in Christchurch.
Crossbred wool lifted significantly, with the better styles being most affected. Further interest was shown for a high class merino offering that attracted prices not seen in a generation, PGG Wrightson Wool’s South Island sales team said.Compared to the previous sale, crossbred fleece (31 to 34 micron) was 7%-10% dearer with a few choice lots up to 14% dearer.”
THE RURAL – by John Ellicott – “As a mammoth 50,000 bales went up for auction this week, Chinese demand for Australian wool has reached such a major height, rival buyers have created a type of floor in the market.
Even though Indian buyers have stood back as the EMI surges to record new levels, competition among the Chinese buyers themselves is helping keep the market buoyant.”
QUEENSLAND COUNTRY LIFE – by Bruce McLeish, Elders northern wool manager – “THE Australian wool market seemed to be in two minds this week. Initially it looked as though it would continue to power along and rise further, before having a reality check and easing slightly.
The large offering meant that Melbourne had a three-day sale, and so kicked off proceedings on Tuesday with a surprisingly strong tone. The largest weekly volume of wool in Melbourne since January could have been the catalyst for a drop in prices. “