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 Record price for fine Merino wool seen as milestone 

Record price for fine Merino wool seen as milestone

12 Jul, 2008 12:00 AM
The world record for the finest Merino wool sold at auction earlier this month is seen by Australian Wool Innovation (AWI) as a milestone for the industry.

At a Sydney auction, a bale of Merino wool wiith an average fibre diameter of 11.6 microns sold for $A2,690 per kilogram.

AWI claims the record shows that Australian Merino wool has again proved itself the premium fibre of choice for the international luxury apparel market.

The ultrafine Merino wool was grown by the Hillcreston Pinehill Partnership from Goulburn, NSW.

The record-breaking bale was purchased by Raymond, one of the world’s largest wool textile and men’s suiting companies, which plans to weave the wool into exclusive Super 240s fabric.

“This rare and luxurious fibre is a product of the unique highlands environment and the woolgrowers art form - special breeding and selection, very high standards of care, nutrition and fleece preparation," chief executive, Australian Wool Innovation, Craig Welsh, said on Friday.

"It is a rare and specialist product produced from one of the Grand Cru appellations of Australia’s superfine wool regions by growers who have developed their breeding flock over many generations."

The sale, he says, provides further proof of the continuing dominance of and improvement in the quality of Australian Merino being delivered for high end fashion use.

It also coincided with the launch of ‘fifteen&finer,’ an exclusive Australian Merino wool that is finer than fifteen microns, at the trade fair Pitti Filati held in Florence, Italy this month.

The fifteen&finer collection is a premium range of Merino fabrics and yarns that represent the best that fine Australian Merino has to offer.

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Date: Newest first | Oldest first
I don't mean to highlight the obvious BUT the bale was the product of wool from two properties, one which is far removed from the tablelands and in the vastly flatter and dryer Trungley Hall.
Posted by ned flanders, 14/07/2008 7:33:27 AM
you obviously haven't been to bigga lately, she's just as dry mate.
Posted by primebigga, 14/07/2008 12:22:11 PM
Publishing these record prices always makes me wonder what the industry is thinking. It might surprise some producers to learn that a poorly informed punter sitting in a New York apartment would have no hesitation in questioning why you cannot do without mulesing when you can get $2000 a kilogram for wool. For goodness sake think before you write!
Posted by Outsider, 15/07/2008 10:59:09 AM
Worth bearing in mind that such top prices for any commodity depend on rarity and the preparedness by our wealthiest people overseas to pay a lot of money for the pleasure of owning the best. Were there 500 bales of it for sale it might sell at a hundred dollars per kilo. These fibres are like grand-prix racers, examples of what CAN be done when people are prepared to go to extraordinary lengths to produce the best , have considerable chance luck and made luck, enthusiastic industry consultants and then to take the losses on the way through.

As for what the sheep think about its value and what it feels like getting there ...well that's another matter. I missed the particular relevance of some of the other comments but perhaps I'm out of the mainstream. Mulesing is an issue that goes to considerateness and I know castrations no fun for the ram either, I'm blowed if I know why a painless replacement for skin stripping hasn't yet hit town, the labour saving for a paint on device or other rapid fire treatment would contain costs somewhat. It must be a mongrel of a week or so for the suffering sheep which probably isn't balancing the pain against blowfly strike. It isn't a lot of fun for the operator either.

Posted by Tony C, 23/04/2009 9:14:48 PM

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