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Broker Award

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LATEST NEWS

Decline in weight of wool tested eases in March

06 April 2020
AWTA last week released the data on wool tested in March. It shows that the weight of wool tested in March fell by 3.9% compared with March 2019. As a result, the year-on-year change for the first three quarters of 2019/20 was a decline of 5.5%. This year-on-year decline continues to be smaller than the Australian Wool Production Forecasting Committee’s November 2019 forecast of a 9.2% drop in 2019/20. The Committee’s forecast anticipated a larger decline for New South Wales than has actually…

NCWSBA Wool Broker Award now open for 2020

06 April 2020
The NCWSBA Wool Broker Award for 2020 has been launched! This is the ninth year the Award has been offered. This year’s Award is again sponsored by AWTA (as the industry sponsor) and Sheep Central (as the media sponsor). The Award recognises excellence in wool broking by a younger member of our industry – be it client servicing, auctioneering, innovation or other aspects of wool broking. This year’s Award winner will be granted an all-expenses paid trip to Kyoto, Japan to attend the 2021 IWTO…

Wool price relativity against other fibres falls back

30 March 2020
While wool prices have fallen sharply in US$ over the past 4 weeks (despite the lift this week), prices for cotton have also fallen abruptly. Since the start of March, the Eastern Market Indicator is down by 19% while the CotLook A index is also down by 19%. Prices for synthetic fibres seem to have fallen by less (although full March data is not yet available). As a result of the changes in prices for wool and other fibres, the wool price ratio against cotton and synthetics has fallen back in…

The Australian wool market carries on amid COVID-19 turmoil

30 March 2020
Australian wool auctions continued this week in all three selling centres, with new locations for auction rooms in Melbourne and Fremantle as a response to the COVID-19 pandemic. The auction rooms have been moved to the showfloor and elsewhere in the selling centre complex to ensure that the Government’s social distancing rules are adhered to. The auction rooms in Sydney will change location next week. Room breaks are more frequent, and lunchbreaks have been extended. Brokers, buyer, growers…

Covid-19 and risk mitigation actions hit retail sales in China

23 March 2020
Life is starting to return to ‘normal’ in China after the Covid-19 epidemic there. This ‘normal’ life includes mandated requirements to wear masks in public and in offices, no air conditioners and regular and constant temperature checking of everybody as they move around the cities. As well, mills are coming back into production. This is good news and hopefully will bring increased orders from mills keen for raw wool. However, elsewhere around the world we are seeing the opposite as cities,…

National Auction Selling Committee arrangements for auctions - Covid-19 at 23rd March 2020

23 March 2020
A Working Group of the National Auction Wool Selling Committee which meets daily at 8am AEDT to discuss developments and the situation with COVID-19 as it affects the Australian wool auctions. NASC has implemented recommendations from the Working Group in risk mitigation for the Sale rooms, including the location of sale rooms, personal and equipment hygiene, social distancing and restricting access to essential personnel from brokers, buyers and support staff. Specifically these include…

Oil prices fall sharply but general commodity prices only moderately affected

16 March 2020
While wool prices have pulled back in the past few weeks, this is nothing on the decline in oil prices which dropped by 30% this week alone, driven lower both by the Covid-19 pandemic and a refusal by Russia to limit supplies. The plunge in oil prices has pushed prices below the low of January 2019, although oil prices remain well above the levels at the start of 2016. So far, prices for other commodities such as metals and food have not fallen much, although they have eased back. That may well…

Lower volumes of superfine wool tested for 2019/20 season to date

11 March 2020
The latest data from AWTA shows a sharp fall in the volume of wool tested in February compared with February 2019, for Australia and for each state. Overall, the weight of wool tested in Australia fell by 10.3% in February. For the 8 months of this season to February, the weight of wool tested was 5.7% lower than for the same period in 2018/19. There were some very large declines by state in February based on Wool Statistical Area data, led by a 32% drop in wool tested in Tasmania (albeit one…

NCWSBA Members and Guests Celebrate the NCWSBA Centenary

11 March 2020
NCWSBA celebrated its Centenary on 20th February with 2 auctions and a reception. The NCWSBA Centenary Wool Auction was held at the Peter Calvo Auditorium of the Australian Institute of Music in King St, Melbourne. It was a great event with Melbourne buyers out in force to support and bid for the 200 lots on offer. We also had a large number of growers, broking staff, industry people and others observing the auction, both at the back of the auction floor and in the mezzanine viewing area. The…

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The National Council of Wool Selling Brokers of Australia

 

News Flash

Australian wool auctions continued this week in all three selling centres, with new locations for auction rooms in Melbourne and Fremantle as a response to the COVID-19 pandemic. The auction rooms have been moved to the showfloor and elsewhere in the selling centre complex to ensure that the Government’s social distancing rules are adhered to. The auction rooms in Sydney will change location next week. Room breaks are more frequent, and lunchbreaks have been extended. Brokers, buyer, growers and service organisations are working closely to ensure that open-cry wool auctions can continue for as long as permitted by the Australian Government and health authorities.

The industry representative organisations (NCWSBA, WoolProducers Australia, the Australian Council of Wool Exporters and Processors, and Wool Industries Australia), together with the industry services companies (AWTA, AWH and AWEX) and SheepProducers Australia jointly wrote to the Australian Minister for Agriculture, the Hon David Littleproud, on Monday to brief him on the importance of the wool industry being permitted to continue, from shearing through to auction and on to the ship. The good news is late last week, the Government advised the industry that wool auctions and the other sectors of the wool industry can continue as long as it adheres to the social distancing requirements and practice enhanced personal hygiene. The situation could change, of course, with further restrictions on movement and operations in the Australian community. 

You can download the Media Release from the Minister for Agriculture of 27th March announcing that wool auctions and livestock auctions are able to keep operating.

Download Media Release

In addition to the anouncement about wool auctions continuing, WoolProducers Australia, AWEX, SheepProducers Australia, the Shearing Contractors Association of Australia and the WA Shearing Industry Association has set out the recommended protocols to be taken by growers and shearers in response to COVID-19 to ensure that they abide by the Government's social distancing and enhanced personal hygiene requirements. You see download the details here.

Download Shearing Operations Protocols

 

National Council of Wool Selling Brokers of Australia

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