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LATEST NEWS

Australian wool tests at decades low in first half of 2020/21

18 January 2021
There has been the usual set of data on the Australian industry released over the recess period, including the wool test statistics for December and statistics on mulesing status from the National Wool Declaration. The AWTA data on wool tested in December shows that the volumes of wool tested fell compared with December 2019. The weight of wool tested was 4% lower for the month, while the number of bales tested was 4.2% lower. There were mixed results between states, with the weight of wool…

First half of the 2020/21 season in review

21 December 2020
The first half of the 2020/21 season saw a small decline in auction offerings of Australian wool, down by 1.2% to 701,338 bales. Remarkably in light of the COVID-19 restrictions and low prices, the volume of Australian wool sold at auction lifted by 2.0% to 615,086 bales. The pass-in rate for the first six months of the season was 12.8%, compared with a pass-in rate of 15.3% in the first half of the 2019/20 season. While prices have in general fallen significantly compared with this time last…

Very good seasonal conditions see Australian wool production stabilise

21 December 2020
The Australian Wool Production Forecasting Committee met on Wednesday, 16th December 2020 to review its forecast of shorn wool production for the 2020/21 season. The new forecasts were released on Froday, 18th December. The very good seasonal conditions in large parts of eastern Australia has seen the Committee lift its forecast for this season on the back of better-than-expected fleece weights. The Committee noted that dry conditions have persisted in Queensland and Western Australia, although…

Wool’s price relativity with competing fibres well down on peaks

14 December 2020
As reported in the Weekly Newsletter on 27th November, prices for cotton and synthetic fibres have risen by more than wool prices in the past few months. This trend has continued in the past fortnight, with cotton and synthetic fibre prices rising again this week. As a result, Australian wool’s price competitiveness has improved significantly since the start of 2020. The ratio of the EMI to cotton price has fallen from an all-time peak of 7.92 in February 2019 to 6.32 in February 2020 and is…

AWTA test volumes down, production outlook obscured by weather, stock holding & shearing delays

07 December 2020
The latest AWTA test data shows that wool tested continues to track below the levels of a year ago. The weight of wool tested by AWTA in November was down by 7.2% compared with November 2019. At just 27.2 mkg greasy, the weight of wool tested last month is the lowest monthly total for November in the past 2 decades at least and almost certainly much longer. As noted by NCWSBA President, Rowan Woods, at the IWTO Roundtable on Tuesday evening, shearing has been slowed by wet weather in some areas…

NCWSBA Wool Broker Award Suspended for 2020

30 November 2020
Earlier this year, the NCWSBA Board postponed the 2020 NCWSBA Wool Broker Award until later in 2020 in the hope that we could hold a face-to-face event at which the Finalists could give a presentation in support of their applications to the Award Selection Panel, the NCWSBA Board and NCWSBA members who were in attendance. However, the continued COVID-19 restrictions, notably the continued travel restrictions between states, have made it impossible to hold such an event this year. The NCWSBA…

Sharp drop in US imports of wool clothing a concern

30 November 2020
In last week’s edition I reviewed the latest on consumer confidence and clothing retail sales in the major wool consuming markets. I noted that consumer confidence in the US had improved from the COVID-induced depths in April. As well, clothing retail sales in the US were showing tentative signs of a revival. This is important as we are now into the start of the Autumn/Winter season in the US, which is a key selling period for wool clothing. The question is, how are the supplies of wool…

Tentative signs of higher retail sales as consumer’s become a little more confident

23 November 2020
We are into the second month of the Autumn/Winter retail season in the Northern Hemisphere, a critical season for sales of wool clothing. Given what has happened this year with the awful toll of COVID-19 and the associated restrictions and now the second wave of infections rising in Europe, the US and, to a lesser extent, Japan, it is time to take stock on how consumer confidence and retail sales are shaping up in the major wool consuming countries in the Northern Hemisphere. Consumer…

Higher volume of medium Merino wool despite drop in total wool tested

16 November 2020
The weight of wool tested by AWTA in October was down by 18%. This large drop continues the yo-yoing seen in the weight of wool tested so far this season, after a lift in September which was preceded by falls in July and August. The drop in October seems to be in part due to wet weather holding up shearing in some areas. As well, there are reports of a shortage of shearers and shed-hands due to restrictions on travel across state borders and from New Zealand. For the season to date, the weight…

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The National Council of Wool Selling Brokers of Australia

 

News Flash

The Australian Wool Production Forecasting Committee met on Wednesday, 16th December 2020 to review its forecast of shorn wool production for the 2020/21 season. The new forecasts were released on Froday, 18th December.

The very good seasonal conditions in large parts of eastern Australia has seen the Committee lift its forecast for this season on the back of better-than-expected fleece weights. The Committee noted that dry conditions have persisted in Queensland and Western Australia, although Western Australia had better rainfall in November. The Committee’s new forecast is for shorn wool production to total 287 mkg greasy this season, up by a slight 1.1% on the 284 mkg that was produced in 2019/20. This new forecast is above the Committee’s August forecast of 279 mkg for 2020/21.

The higher shorn wool production is being driven by higher average wool cuts per head for the season. In August, the Committee predicted that the average wool cuts per head would increase by 2.9% in 2020/21. With the excellent spring rains and pasture growth since then in New South Wales, Victoria, Tasmania and South Australia, the Committee now expects that the average cut per head will lift by 7.3% to 4.43 kg/head. This would take the average cut per head back to the levels seen in 2017/18 before the prolonged drought caused much lower wool cuts. The Committee expects that the number of sheep shorn will fall by 5.5%, offsetting much of this improvement in wool cuts. The Committee predicts that the number of sheep shorn will fall to 64.8 million head, reflecting the lower number of sheep at the start of the season and less premature shearing. It also noted that a record number of sheep have been transported across the Nullarbor from Western Australia to the eastern states as producers in South Australia, Victoria and New South Wales look to restock. You can read more details of the Committee’s forecast in the Media Release.

Download AWPFC Media Release December 2020

 

National Council of Wool Selling Brokers of Australia

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