State suc­cess built on specs

Tasmanian Country - - THE STOCK REPORT - Stewart Raine

THE Tas­ma­nian wool in­dus­try is ex­pe­ri­enc­ing un­prece­dented de­mand from in­ter­na­tional buy­ers.

Roberts is re­ceiv­ing a record level of in­quiries from lo­cal man­u­fac­tur­ers, in­ter­state ex­porters and over­seas high­end fash­ion houses, who recog­nise Tas­ma­nia’s unique grow­ing cli­mate, the qual­ity of our wool, the skill of our gra­ziers and the in­dus­try’s com­mit­ment to ex­cel­lence.

I am ex­tremely con­fi­dent that Tas­ma­nia’s wool in­dus­try is about to en­ter a phase of brand build­ing and mar­ket con­cen­tra­tion that will bring farm­ers higher re­turns and recog­ni­tion.

I am writ­ing this from the Mel­bourne wool auc­tion and I’m de­lighted to see a slightly im­proved mar­ket af­ter a num­ber of weeks of falls. On­go­ing fi­nan­cial and trade un­cer­tainty, par­tic­u­larly in China, have hit the Aus­tralian mar­ket.

Over the past weeks we have also seen a qui­eten­ing in pur­chas­ing from Fox and Lil­lie and TechWool Trad­ing, which rely heav­ily on Chi­nese or­ders.

How­ever, their re­turn to the top of the buy­ers’ list this week has as­sisted in de­liv­er­ing a pos­i­tive turn in the mar­ket.

There has been 83,000 less bales of wool sold in Aus­tralia in the 2018-2019 sea­son as of this week com­pared to the same time last year.

It can be ex­pected de­mand for Aus­tralian wool could off­set fur­ther fluc­tu­a­tions that can be trig­gered as we move into the peak re­ceival pe­riod when the bulk of Aus­tralia’s clip comes to the mar­ket.

As we work our way to Christ­mas, the bulk of this wool will sell and sup­ply and de­mand should even out.

From my per­spec­tive, look­ing at the show floor this week, Tas­ma­nian wool was well pre­sented and con­tin­ues to be well sup­ported by the ex­port trade. Many com­mented that Tas­ma­nia has pro­duced very high qual­ity wools this sea­son – a credit to farm­ers and gra­ziers.

There was still a high vol­ume of in­ter­state wool dis­play­ing low yields, higher-thanaver­age vegetable mat­ter and lower-than-av­er­age sta­ple strength. A large of­fer­ing of drought-af­fected wools of 18.5 mi­crons and finer that con­tinue to chal­lenge ex­porters.

The strong mes­sage de­liv­ered to me this week is to en­sure Tas­ma­nia main­tains its fo­cus on qual­ity. One wool buyer said: “Based on the cur­rent se­lec­tion of wools from the main­land, Tas­ma­nian wools will con­tinue to be keenly sought af­ter for their high qual­ity and specs.”

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