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 its Dalgety and Viterra wool exporting operations…Full Article: ABC Rural Aug 2014

Key Point

  • An Australian wool general manager expect the Chinese import wool market will be tight for the next year to 18 months.

ChinaAg Comments

  • In March 2014, a senior Australian wool trader stated that China has been purchasing wool in good quantities for the past 3-4 years, but orders have slowed recently and has become “sluggish”.
  • In 2013, mainland China imported US$1.8 billion worth of Australian wool (not card/combed) and US$1.6 billion worth of cotton (not carded/combed).

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