Wool/Textile News

July 15, 2004 --

IWTO World Wool Award

The International Wool Textile Organization (IWTO) is now accepting applications for the World Wool Award. The event is designed to arouse international interest in wool as well as celebrate the charm and future uses of wool, especially in products and markets leading to research and innovation.

The competition is open to individuals ages 18 through 35. Students, trainees and young professionals from textile/fashion schools, companies and institutes from around the world are invited to take part.

Awards will be recognized in three areas: Fashion and Design; Marketing and Promotion; and Concept, Innovation and Extension. Among the prizes to be granted to winners in all three categories are: free participation in the 2005 IWTO Annual Wool Congress in Australia; a traineeship in a wool industry company in a wool-growing or wool-producing country; and one-year international exposure via the IWTO Web site.

Deadline for application is July 31, 2004. Applications and additional details are available at http://www.iwto.org/Projects/wwa.htm on the World Wide Web.

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Wool Stockpile Starts to Decline

The Australian Broadcasting Corp. reported in early May that Australia's latest wool stockpile, almost 700,000 bales, is finally starting to decline.

Elder's wool stocks declined by more than 20 percent in a six-week period, and almost 70 percent of wool now being sold is from long-term stocks.

Simon Hogan of Elders Wool says it is a sign that growers who were waiting for a market turnaround finally are selling their wool, which should help lift prices in the long-term.

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