As we move into the summer months the weather is becoming kinder and the days a little brighter. These summer months are also bringing news of positive developments in the wool market that are great for both consumers and manufacturers.
Although the wool industry in Australia is now a third of the size that it was many decades ago, it is still a strong part of the economy of the country. Production of wool in Australia is set to reach a 90-year low in 2016, however, prices for this versatile fibre are actually on the rise. In the last two months alone, prices of Australian wool have risen by 15%. Continue reading