Home / Knowledge / News / Textiles / Live exports contribute to supporting wool prices – Report
Live exports contribute to supporting wool prices – Report
31
Mar '14
A report has been commissioned to examine the value of the live sheep trade to the Australian wool industry and Western Australia in particular. The report follows a request by the Australian Wool Innovation's Industry Consultative Committee (ICC) and builds on previous work conducted for Livecorp in 2011.
 
The Centre for International Economics found the live export industry contributes to the wool industry by underpinning the saleyard prices and therefore woolgrower profitability in WA as well as providing additional markets and higher returns for eastern states woolgrowers.
 
If live exports were to cease, the report concluded that WA saleyard prices would be expected to fall by $32.14/head for lambs and $36 for sheep ($1.24 and $5.96 in eastern Australia). This translates to a 4.5% drop nationally in saleyard prices.
 
WA woolgrowers with breeding enterprises would be the hardest hit with the gross margin falling by $41/ewe or 44.8% due to the enterprises dependence on livestock sales and the lack of scope to reduce variable costs.
 
Nationally the live export industry, if removed, would reduce the national wool clip by two per cent and 12 per cent in Western Australia as the live export industry accounts for 25.9% of total dispersals of lambs and 57% of older sheep in WA (0.9% and 6.9% for eastern Australia).
 
Without live exports, the Gross Value of Production of WA woolgrowers would fall by $302.4 million or 6.5% lower.
 
Having commissioned the report at the request of industry, specifically AWI's ICC, Australian Wool Innovation will not be commenting or discussing the report. Contact details of the ICC are below.
 

Australian Wool Innovation Limited


Must ReadView All

Robert Lighthizer speaking at the opening of the ministerial plenary of the 16th Forum of AGOA, in Lome. Courtesy: US Embassy in Togo

Textiles | On 17th Aug 2017

US committed to Africa, Lighthizer tells AGOA forum

The United States and Africa can jointly create a better business...

Textiles | On 17th Aug 2017

Sri Lankan textile exports down 4.1% in May 2017

After showing positive trend for two consecutive months, Sri Lankan...

Courtesy: UBM

Textiles | On 17th Aug 2017

CBME China 2017 drew record-breaking 88,316 visitors

The 17th Shanghai International Children Baby and Maternity Products...

Interviews View All

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

August 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
66.7%
No
18.5%
Skip
14.8%

Total Votes: 27

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
37.0%
No
40.7%
Skip
22.2%

Total Votes: 27

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
81.5%
No
7.4%
Skip
11.1%

Total Votes: 27

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
55.6%
No
11.1%
Skip
33.3%

Total Votes: 27


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X