Standard Owner Benchmark - AWEX-WE KNOW WOOL

AWEX, also known as the Australian Wool Exchange, is the organization responsible for the sale and promotion of Australian wool. AWEX is a non-profit company owned by woolgrowers and is the central point for the sale and marketing of Australian wool.

AWEX's responsibilities include setting and enforcing standards for wool classing and testing, managing the auction selling system, promoting the benefits of wool to domestic and international markets, and providing industry training and education programs. AWEX also operates the National Wool Declaration program, which provides information about wool production and animal welfare practices to wool buyers and consumers.

Below is more information about AWEX (Australian Wool Exchange) and its "We Know Wool" tagline:

-Functions and Services: AWEX serves as the central authority for the trading of Australian wool. It provides a range of services including wool auctions, wool classing, wool certification, and market reporting. These services ensure the integrity and quality of Australian wool and facilitate its trade both domestically and internationally.

-Wool Auctions: AWEX operates the electronic wool auction system, where wool buyers can bid on wool lots presented by wool growers. The auctions provide a transparent and competitive marketplace for the sale of wool, and AWEX ensures that all transactions adhere to strict standards and regulations.

-Wool Classing: AWEX employs qualified wool classers who assess and classify the quality of wool based on factors such as fiber diameter, staple length, strength, and cleanliness. This classification system helps determine the value and grade of wool, providing vital information to buyers and sellers.

-Wool Certification: AWEX provides certification services to guarantee the authenticity, quality, and compliance of Australian wool. This certification is important for buyers who seek assurance that the wool they purchase meets specific standards and requirements.

-Market Information: AWEX collects and disseminates market information and statistics related to wool production, prices, and trends. This information helps industry stakeholders make informed decisions and better understand the dynamics of the wool market.

-Research and Development: AWEX invests in research and development initiatives to drive innovation and sustainability in the wool industry. It collaborates with industry partners to explore new technologies, best practices, and strategies to enhance wool production and marketing.

The "We Know Wool" tagline signifies AWEX's deep expertise, knowledge, and understanding of the wool industry. It reflects their commitment to supporting the Australian wool sector, maintaining high standards, and promoting the exceptional qualities of Australian wool worldwide.