Monthly Market Reports
Monthly insights into economic, finance and trade issues affecting global demand for wool, and what this means for the Australian wool industry.
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Australian wool producers will actively encourage the unique role of wool fabrics in contemporary design with funding support for the UK Royal Society of Arts Student Design Awards.
Australian Wool Innovation will provide 10,000 pounds per year over the next three years for a series of four awards in the areas of: Fabrics and fashion, Fashion fabrics, Furnishing textiles and Home furnishings.
AWI Managing Director Col Dorber said support for the premier UK student design competition was intended to encourage and foster the use of wool in a range of products and garments for modern consumers.
Mr Dorber said the awards, which would be made under the themes of "What we wear / Where we live", represented an exciting step for AWI.
"AWI will work through the awards to highlight the endless potential for wool by offering advice to design students in the acquisition of wool and fabrics.
"Our role will be to assist young designers to better understand the choice of textures, weaves and weights available in wool and wool blend products and the use of wool in products and garments that meet the needs of modern consumers."
Mr Dorber said the award would allow AWI to showcase new and exciting uses for Australian wool.
"From a research and development perspective this type of award provides a window to the real world, where new developments can be tested in an innovative and fresh environment with the potential for further exposure in the international marketplace," he said.