CCWG Wool Market and Business Update – Fall 2019

2018 / 19 Wool Market Update

The wool market has been experiencing quite a rough ride for the current wool marketing year.  During the first quarter the market seemed to be on track for stable conditions with both fine wool and crossbred types achieving reasonable prices and demand.  There were expectations at the time that good progress was being made for a new China / USA trade agreement.

This situation however was short lived from April onwards as a number of factors came into play.  Traditionally the market for wool is at its best and consumer confidence is greatest when there is positive growth in global economies and a stable worldwide political environment.  The current situation of widespread indecision and uncertainty has had a detrimental effect on all value chain partners within the entire wool textile industry.  China is the world’s largest market for woolen garments of which approximately 45% is for domestic consumption and the remaining 55% for export.  The escalation of the China / USA...

The 101st Annual General Meeting of the 

Canadian Co-operative Wool Growers Limited 

October 19th 2019

Old Orchard Inn & Spa, 153 Greenwich Rd South, Greenwich, Nova Scotia B4P 2R2

2018 Wool Certificate of Merit Winners

2019 Wool Industry News

101st Shareholder Annual Report

For more infomation on our Board of Directors, please visit https://wool.ca/page/board-of-directors

• Alberta North / Nord - John D. Woodburn - (acclaimed 2 year term 2020-21)
• Saskatchewan North / Nord - Arlette Seib - (acclaimed 2 year term 2020-21)
• Manitoba - Morgan Moore - (acclaimed 2 year term 2020-21)
• Ontario West / Ouest - Allan E. Ribbink - (acclaimed 2 year term 2020-21)

CCWG Shareholders can download the 2018 Annual Report.

Just click the picture or link below.

The CCWG Shareholder dividend cheques and the Shareholder Wool Shipper Loyalty Reward Program Coupons are now in the mail.

100th Annual Report

CCWG Wool Industry News

The CCWG recently held Management and Board of Director meetings at the 100th Annual General Meeting in Carleton Place & Almonte, Ontario on October 18th – 20th, 2018
The 2018 elected Board of Directors are as follows:
Executive Committee
President - David Mastine, St. Felix de Kingsey, QC
1st Vice President - Lee E. Sexton, Hanley, SK
2nd Vice President - Allan E. Ribbink, Tiverton, ON
- Roma H. Tingle, Prince George, BC

Additional Directors on the Board are as follows:
Warren L. Moore, Stavely, AB (Audit Committee)
Ward Harden, Fir Mountain, SK  (Audit Committee)
Ruth Mathewson, Central North River, NS (Audit Committee)
Gary J. Fox, Bloomfield, ON
Brian W. Greaves, Miniota, MB

For the fiscal year ending February 28, 2018 the co-operative recorded gross sales of almost 10.4 million which represents an increase of 2.5% from the previous year.  Net income of $425,599 from all business operations was...

CCWG Wool Market and Business Update – Fall 2018
2017/18 Wool Market Update

Read full Market Report for 2018

In the last 12 months fine wools from all origins have achieved unprecedented record prices although at the time of this writing prices have pulled back for most microns in the last couple of weeks.  Unfortunately the crossbred and broader wools which are much more plentiful in supply have been left behind for the most part and have only recorded marginal increases compared to the previous year.

The growth in fine wool prices can be attributed to two main factors.  There is major concern regarding future available supply due mainly to ongoing Australian drought in most of the major wool producing states.  This has resulted in decreased production ie lower fleece weights due to feed shortages and reduced sheep numbers.  For the 2018/19 season it does not look any better with the current forecast of a 5.7% reduction in the Australian wool clip.

As always, China is playing a major role in influencing the market due to the...