The general manager of Australia’s largest wool manufacturer claims domestic gas supply is being choked by an export-focused “cartel” after the company was slumped with a 100 per cent increase in gas costs.
WoolProducers has strengthened its commitment to foot and mouth disease preparedness on behalf of the Australian wool industry.
Lamb and sheep markets should benefit from reduced supplies and positive demand from domestic consumers during 2017 says MLA.
The wool market continued in sellers' favour despite showing some signs of topping out later in the week.
AS United States imports of wool clothing slumps to the lowest since 1994, International Wool Textile Organisations president Peter Ackoryd believes current economic uncertainty may provide a silver lining for Australian wool demand.
OPERATIONAL costs will be slashed by about 40 per cent if the wool auctions at Yennora, Sydney were relocated to Goulburn in NSW’s southern tablelands.
A burst of cold weather in the northern hemisphere has helped create a strong wool market in Australia last week.
THE wool market is firing as a post-flood surge in supply struggles to dampen demand for merino fleeces.
Despite losing nearly 1000 shareholders last year, the Eastern Market Indicator’s (EMI) year-on-year climb of 150 cents a kilogram helped return an extra $2 million to Australian Wool Innovation’s coffers.
THE historic fall in superfine, traditional-type wool fleeces in the past two decades has European luxury fabric makers bidding large in an effort to stimulate a recovery of Saxon and Traditional fine crimping Merino wool.