State success built on specs
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.”