AUSTRALIA’S WOOL INDUSTRY BATTLES THE COVID-19-STORM
May 2nd, 2020
AUSTRALIAN wool producers are stockpiling wool and avoiding auction sales with Covid-19 hitting their key market, China. The Australian wool industry is important. It delivered exports worth Australian dollars AUD4.15 billion (USD2.6 billion) in 2018-19, according to Australian government figures - https://www.agriculture.gov.au/abares/research-topics/agricultural-commodities/agricultural-commodities-trade-data#2019. An April (2020) report from Australia’s Rural Bank said 80% of Australia's wool has been exported to China until the Covid-19 crisis hit; 8% to ...
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