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.

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