The price of wool is falling steeply as China’s textile industry feels the fallout from the trade war with the United States, and European economies weaken. with industry leaders bracing for worse to come. Australian wool prices are back to 2016 levels with growers withdrawing bales from auctions after more...
Category: Export News
Australian wool prices under big pressure
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Fox & Lillie and HSBC complete first Voltron blockchain network transaction between Australia and China for wool shipment
Read MoreHSBC have successfully completed a cross-border blockchain transaction between Fox & Lillie and a Chinese importer, in a milestone which brings the digitisation of trade another step closer to commercial reality. The live transaction, completed in late March 2019, involved Fox & Lillie, a wool exporter and a client of...
Global Luxury Index on the rise – what this means for wool
Read MoreThe S&P Global Luxury Index which tracks 80 of the world’s largest publicly traded companies engaged in the production or distribution of luxury goods or services is sitting at an all-time high at 2844.89. The rise is driven by the surge of big spending Chinese shoppers “who are splurging at...