Australia goes for quality wool
9 November 1999
Australia goes for quality wool
AUATRALIA is moving wool production higher up the quality ladder.
The Financial Timesreports that the amount of 23-micron wool sold at auction in Australia fell from 916,000 bales in 1989/90 to 362,000 bales in 1998/99.
Over the same period, sales of finer 19-micron wool increased from 195,000 to 487,000 bales.
The increase has been driven by the price differential between the two qualities, with 19-micron wool commanding twice the price of 23-micron.
- Australians expect patchy recovery, FWi, 15 September, 1999
- Australian wool men expect tough year, FWi, 23 March, 1999
- Financial Times 09/11/99 page 42
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