Recent wool prices have been a welcome start to the 2017 calendar year, with the EMI (Eastern Market Indicator) reaching well above 1400 ac clean/kg. The market has been marked by record highs and even ‘peak’ wool values, yet it is important to understand the previous times wool has achieved these values. This month we place some historical context around the current market and explore supply versus demand.
As we enter the Christmas period and the 3-week selling recess, the market is in a strong position for woolgrowers after a positive start to the 2016/17 season. We have enjoyed a relatively stable market for the past few years, and 2016 has only been a continuation of this.
This month we examine the result of the latest MLA/AWI Wool and Sheepmeat Survey and hear from a very influential Chinese wool buyer.
In this month's market intelligence edition, we take a closer look at the differing trends developing across wool types produced in Australia.
For this month’s market intelligence report we communicate from the Nanjing Wool Conference just completed in China where many of the world’s largest wool buyers and processors gather to discuss the state of the industry as a whole.
This month we highlight recent data relating to wool production and volumes of wool tested and take another snapshot of the micron profile of the national clip and keep an eye on some interesting forward prices.