In this edition, we consider the implications of the recent announcement of the ability to directly convert the Chinese Yuan (renminbi, or RMB) into Australian dollars, and examine recent market movements.
In this edition of the monthly newsletter, we take a look at how China's neighbours in Asia are rising in importance for Australian woolgrowers – focusing specifically on the ASEAN nations.
This month, we take a look at the forward wool market, where there are some very positive developments occurring, and some good opportunities for growers.
In this our first monthly newsletter for 2013, we look at how the wool market has opened after the Christmas recess, and consider some demand-side indicators.
The Australian wool market has finished the year on a good note – at 1072 AU c/kg, or USD1132, and with very positive movement in forward wool market for 2013 maturity.
This month we look at the impact changes in foreign exchange (FX) rates have upon Australian woolgrowers, and we provide some insights into the future of the key FX rate comparison for Australian growers – the value of the Australian dollar against USD.
This month we provide some context for the current wool prices in Australia and summarise relevant trade and financial news.
This month, we look at both the short term impact of the slowdown in China and the future prospects for our wool industry. We will also cover global wool and cotton production for the new season.
This month, we will continue the investigation in the European market, focusing on the changes up ahead and implication for the wool industry in Europe.
This month we look closely at the impact of the unfolding financial crisis in Europe on the European clothing market, and focus more closely on Russia as an emerging market for our fibre.