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SYDNEY - Australian Wool Innovation (AWI) is to trial the use of transparency platform Everledger's blockchain technology to trace the chain of custody of wool from farm to consumer.AWI says the collaboration aims to capture and make visible secure information about wool provenance and its supply ch
The Eastern Market Indicator (EMI) appreciated by 4.7 per cent this week to close at 1198ac clean/kg, a 54ac gain. In USD the gains were more impressive as the stronger AUD v USD forex rate (+0.9%) contributed to a higher percentage gain of 5.7 per cent or 48usc to 892usc clean/kg. This week’s closi
Expectations were of a wool market that would be ravaged by the turmoil caused in China due to the growing coronavirus outbreak. But surprisingly, almost all wool types and descriptions appreciated in value at the Australian wool auctions this week, thanks to strong European interest and a tenacious
The growing concerns of the viral outbreak, coronavirus, in China, along with the Lunar New Year adversely affected Australian wool auctions this week. As more news of the virus was made public, the less confidence buyers had about getting orders from China to operate at auction for the opening, acc
