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

Textiles | On 23rd Jun 2017

Textile ministry organises training workshop on GST

The ministry of textiles had organised training workshop on GST which ...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Textiles | On 23rd Jun 2017

Ralph Lauren ex-president Tiger of Sweden's new CEO

Hans-Christian Meyer, former president of Ralph Lauren Corporation,...

Interviews View All

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


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