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India’s cotton and apparel exports are set to climb by around 10 percent this year as higher wages, political instability and concerns about workplace conditions in other producing markets steer international buyers toward Indian exporters, industry officials said. The rise in textile shipments from India – currently around 4.5 percent of world trade – may eat into top exporter China’s 36 percent share of the market and will be a boon for Indian textile merchants keen to exploit rising demand stemming from weak cotton prices and global economic growth. “My orders have increased by about 20 percent so far this financial year. It’s a golden period f...

The Australia alpaca industry has just completed a huge export of quality breeding stock to China, the largest shipment ever to leave Australia. The precious cargo of 525 stud animals, sourced from Victoria and South Australia, is also believed to be the largest number of alpacas ever to land in China. The breeding males and pregnant females travelled in crates on a chartered Singapore Airlines 747 freighter aircraft, a 10.5 hour journey. The alpacas will form a breeding herd at Shanxi University and will also be used for genetic research into wool colour. With China being the biggest textile producer in the world, Western Australian exporter Stev...

Growth in exports driven by manufacturing could give Vietnam a trade surplus of $1.5 billion this year, far surpassing its forecast of $500 million in July, according to the country’s trade ministry. Textiles and garments, which includes Adidas, H & M Hennes & Mauritz and Inditex’s Zara, rose 19 percent, netting more than $15 billion in the first nine months. Despite structural weaknesses in its economy and the slow pace of banking reforms, privatisation and regulation, Vietnam remains a draw for multinational firms, including Microsoft and Intel, due to lower wages than China and the prospect of tariff-free exports to the European Union, the Unit...

The monthly comparisons of Total Lots, Bales and Weight for September 2014 compared with the same period last season are: -6.5%, -0.6% and -0.2% respectively. The progressive comparisons of Total Lots, Bales and Weight for July – September 2014 compared with the same period last season are: -6.0%, -1.0% and -0.6% respectively. Progressively AWTA Ltd has tested 82.7 mkg (million kilograms) this season compared with 83.2 mkg for the equivalent period last season. Source: AWTA    

A group of young farmers from the UK National Federation of Young Farmers Clubs (NFYFC) recently visited the British Wool Marketing Board (BWMB) in Bradford as part of the ‘Walk the Wool Chain Study Tour’ to find out more about what happens to their sheep’s wool once it leaves their farms.   Young farmers were given an introduction to the wool industry and the BWMB’s work in shearing training, grading and the auction system by BWMB Producer Communications Manager Gareth Jones. Examples of wool in the different stages of the process were displayed from greasy wool, scoured wool, carded wool as well as yarn, and examples of wool products. A visit to...

China is on track to exceed its 2014 target for cutting water pollution, the government announced on Wednesday, amid reports that it plans a $326 billion action plan to clean up its rivers and lakes. A lack of environmental oversight during decades of economic growth has caused a dire water crisis in China, as toxic waste from factories has left 70 percent of rivers and lakes and over half its groundwater polluted. But the new rules might cause problems from some big-polluting sectors already battling a slowing economy. “For the textiles sector, the new standard will come into effect in 2015 and since there is no cheap way to clean up, smaller fac...

South Island Wool Sale prices held firm to slightly dearer across all categories. Bales on offer 12,117, bales sold 9,936 (82%).   The Trade Weighted Indicator continued its recent decline at 0.7269 against 0.7305 last week. A small Half-bred offering was generally 2.5 to 3.5% dearer through all microns 25 to 30.   Crossbred Fleece, Second Shear and related oddments continued the strong trends of recent North and South Island sales selling par to 2% above previous quotations.   Fine Crossbred Fleece when compared to the South Island on the 11th September 33 to 36 micron rose 1.5 to 2%. Coarse Crossbred Fleece remained firm.   Compared to the North...

The Australian Wool Production Forecasting Committee’s second forecast for 2014/15 has revised shorn wool production to 328 mkg, down 3.7% from 2013/14 levels. This decrease reflects the reduction in sheep numbers due to the high slaughter rates in 2013/14 even though average fleece weights are expected to increase marginally. Committee Chairman, Russell Pattinson commented that “the fall in shorn wool production reflects a decline in the 2014/15 opening sheep numbers and the expected number of sheep to be shorn, which were affected by the high sheep slaughter rates in 2013/14″. Mr Pattinson added that “Queensland and northern New South Wales shor...

The Australian wool market consolidated this week, with very little change to buyers’ strategies. The AWEX EMI (Eastern Market Indicator) closed the week as it started, at 1023ac clean/kg (Australian cents). The better tested Merino types continue to be well sought, and prices are creeping slightly higher for types finer than 18.5 micron and drifting slightly lower for the broader end of the spectrum.   The relatively large offerings of high Position of mid-break and calculated CVH (Co-efficient of Variation of Hauteur) sale lots remain at similar discounts which is quite a shame, as a lot of these wools are quite stylish and well grown, yet are o...

The British Wool Marketing Board offered 1,850,000 kgs of wool at its latest auction sale. The sale started strongly and the demand was maintained throughout which resulted in a clearance of 98%. Compared to last time sold: Fine types: fully firm. Medium types: fully firm. Mule types: up to 5% dearer. Cheviot types: 1-2% dearer. Radnor types: Medium – 3.5% dearer, others Sellers favour. Welsh types: fully firm. Swaledale types: fully firm. Blackface types: Cast & Cotts: 2% cheaper, others firm.   Avg. price (p per kg) 150, indicator (greasy) 153, indicator (clean) 221.   Source: BWMB  

Port Elizabeth – The wool market maintained its recent gains and the Cape Wools Merino indicator closed up by a marginal 0,6% at R114,68/kg (clean). This is 2,7% higher compared to the opening sale of this season and 2,0% up compared to the corresponding sale of the previous season. Traders commented that the weaker rand had propped up the local market however in hard currency the market remained subdued due to poorer demand from China. They described this week’s offering as small and of poor quality and expect next week’s selection to be similar. The rand of the day traded 1,7% weaker at R11,10 against the US dollar, compared with last week’s ave...

China, the world’s top consumer of cotton, will slash its import quotas for 2015 to boost demand for domestic fibre, a senior official said, in a move that is expected to put downward pressure on international prices.   Beijing will only provide import quotas next year for the 894,000 tonnes that it is required to offer at low duties under commitments with the World Trade Organisation, according to Liu Xiaonan, vice head of the economy and trade department at the National Development and Reform Commission.   Previously, China has offered another type of quota, in addition to the one compliant with the WTO, but Liu said no additional quota would be...

The 26th International Wool Trade Fair & Information Conference (NWM) was held in China’s ancient city – Nanjing. Nearly 500 representatives from 26 countries as well as relevant national ministries and local government agencies from within China attended the annual conference this year. The NWM holds its annual conference each September and attracts many international and local delegates. This is a major conference for the wool and early wool processing industry in China and is attended by executives of all major Chinese wool buying and processing companies. It attracts representatives of the wool processing industry, and commercial circles from ...

‘This Fair is considered the most important in its sector and seeks to position luxury alpaca garments in the international market, especially in those countries in the northern hemisphere with greater purchasing power’, says Magali Silva Velarde-Alvarez, Peru’s Minister for Foreign Trade and President of the Council of the Commission for the Promotion of Peru’s Exports and Tourism (Promperu) at a recent press conference.   “Prestigious Peruvian and foreign exhibitors will be able to come together, as too, experts in the genetics and production of this camelid.” Those present at the press conference were informed that “Bringing Nature to Fashion” ...

Farmers are keeping their gut feelings to themselves as the wool levy vote nudges closer to its result. Voting began with papers sent to sheep farmers for the referendum and closes on October 10. The Wool Levy Group is urging farmers to make their voices felt and get behind the drive to form an industry good group for wool. Chairwoman Sandra Faulkner said wool had been without a voice across the industry for too long and this had prevented producers from maximising their returns. “All other agricultural products in New Zealand are represented by an industry body – yet wool, a $700 million industry – is not. It is time for this to change.” The levy...

Scientists have moved a step closer to developing a breed of sheep that belches less methane, New Zealand researchers say. A study by scientists from New Zealand’s AgResearch Institute and the US Department of Energy’s Joint Genome Institute, published in the journal Genome Research, discovered microbial differences in sheep that have high or low methane emissions. The release of methane gas from New Zealand’s 30 million sheep, as well as emissions from cattle, account for almost one third of the country’s greenhouse gas emissions. Source: NZAR  

This global endeavour seeks to highlight and spread awareness of the near endless possibilities that wool can bring with fun inclusive activities for all ages that educate and inform about the benefits of wool.   This year’s wool festivities started in Paris with French Wool Week. For further information on Wool Week please visit www.campaignforwool.org. Keep up to date with all the latest news and imagery via the CFW’s social channels where you can view live content every day.   France 16 – 21st Sept UK 5 – 12th October Germany 20th – 26th October China 20th – 26th October Belgium 21st – 31st October Japan 27th Oct – 4th November Netherlands 3rd ...

In 2014/15, the world cotton industry is expected to enter its fifth consecutive season in which production exceeds consumption. World production is forecast to decline by 400,000 tons to 26.05 million tons while consumption could grow by 4% to 24.4 million tons, resulting in a surplus of 1.7 million tons. Since 2010/11, world production will have exceeded consumption by a cumulative 12.3 million tons and by the end of 2014/15, would reach nearly 14 million tons. Much of the surplus is held by the Chinese government, but this season, more of the surplus will shift to the private sector in China and other producing countries.   As a result of the c...

New Zealand’s fragmented wool industry has taken a small step towards consolidation with the purchase of a 5 per cent stake in Wool Equities by the Primary Wool Co-operative (PWC). The move makes PWC the largest single shareholder of processor Wool Equities, which has 9500 farmer shareholders. Wool Equities is essentially the rump of the former Wool Board, established to preserve and use some $300 million of tax losses for the benefit of growers. PWC was issued with 1.6 million shares for $50,000 for its 5 per cent stake in Wool Equities. The $50,000 paid by PWC was to pay off Wool Equities’ debts. It was also resolved to de-list Wool Equities fro...

Another export company will exit the wool game in Australia. Queensland Cotton was one of Australia’s leading wool export companies, selling about 150,000 bales annually, but parent company Olam International is shutting the division down. The move follows Landmark’s 2013 decision to cease its Dalgety and Viterra wool exporting operations. The reasons for closure are poor margins and falling demand from China. “The short term issues for us are that our biggest single trading partner is China,” wool general manager Michael Avery said. “And it’s well documented that the China economy is slowing and certainly there is a lot more credit constriction i...