Australian Wool Prices Spike

The price of Australian wool has bounced back after a 20-year lull due to global demand, experts said on Tuesday [1 August 2017]. Wool farmers are benefiting from the best prices for their product in two decades with market analysts tipping that the market would remain strong…Full Article: ECNS.cn Aug 2017 Key Points From July

Nepalese Pashmina (Goat Wool) Exports to China May Increase

The Belt and Road International Trade and Investment Platform, a mutual exchange platform of global purchasers and suppliers, has agreed to promote Nepalese pashmina products in China, local chapter of the platform said. The international trade and investment platform was formed with a joint initiative of chambers of commerce, associations and authoritative organizations from countries

Olam International Shuts Down their Wool Export Division in Australia over Low Chinese Demand

Yet another export giant will exit the wool game, citing poor margins and falling demand from China as reason for the decision. Queensland Cotton was one of Australia’s leading wool export companies, selling on about 150,000 bales annually, but parent company Olam International is shutting the division down. The move follows Landmark’s 2013 decision to cease