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A delegation of Nanshan Corporation, Chinese wool textile firm are in Australia this week to work on joint ventures with Australian wool industry to bring new products to market. The Woolmark Company's general manager for product development and commercialisation Jimmy Jackson said that Australian Wool Innovation (AWI) was working with Nanshan to develop new wool textiles.

Related Keywords: Australian wool exchange, Australian wool industry, circular knit wool, finest fiber count, Merino and courser fibers, Nanjing Wool Market Conference, wool price

Wool prices after ending the last selling season continued to remained in a slow, steady declining trend, though with a slight rebound was seen during the last week of the month, according to the Australian Wool Exchange.

The Eastern Market Index ended the month of September, the second in the 2014-2015 selling season, at $4.15 per pound, down $0.10 in the month (2 percent) and about 4 percent season-to-date. During the last week, however, prices increased by $0.06 per pound.

Related Keywords: Australian wool industry

Australian Wool Innovation (AWI) is familiarizing Vietnamese manufacturers to its wool products as many of the Vietnamese companies had not used wool until two year ago. A couple of knitters thought they were using wool but it turned out to be acrylic. This move will help the Australian wool industry reduce its reliance on China as at present, 75 per cent of the Australian wool is exported to China.

Related Keywords: Australian wool industry, fashion house

Australian wool industry after a 20-year marketing quiet period due to the collapse of the reserve price scheme is witnessing upturn as global fashion houses are turning their focus on the natural fibre, wool.

The world has started discovering wool. The latest interest comes from internationally renowned L’Uomo Vogue from Italy who has teamed with The Woolmark Company to display Australian wool and fashion in a week-long celebration.

Related Keywords: Australian wool industry, Chinese demand, wool market

Wool market moved up with the strong demand from Chinese. The Eastern Market Indicator regained most of its previous week's losses to close at 1128c/kg, up 17c/kg or 29c/kg more than the same time last year due to smaller volumes and higher demand.

According to the Australian Wool Exchange market report, the EMI is now only 1.5 per cent below the 12-month peak recorded in December.

Volumes fell almost 11,000 bales and there were strong orders from a large Chinese operator and exporters keen to finalise orders before the Chinese new year shutdown.

Related Keywords: Australian wool industry, wool market, wool price

Wool market likely to improve at least by 5 percent in the eastern market indicator for the 2013-14 period as per the National Australia Bank projection.

The National Australia bank's latest outlook for wool is based on the market's strong performance late last year, the softening of the Australian dollar and an expected drop in wool supplies over the next few months

Head of NAB agribusiness for South and Western Australia, Matt O'Dea says the EMI should average just below 1100 cents per kilogram.

The value of wool exports have been falling since their peak in 2011