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Thursday, December 18, 2014

Australia takes a hit as raw wool demand stays low

By Chris Wilcox  |  Source: Australian Bureau of Statistics, Beef + Lamb NZ, Secretariado Uruguayo de la Lana, Federacion Lanera Argentinas, Cape Wools SA

Raw wool demand has been in the grip of a cyclical downturn throughout most of 2014, with the downturn led by but not confined to China. Raw wool exports by the five major wool exporting countries (Australia, New Zealand, Argentina, South Africa and Uruguay) have been hit by a cyclical downturn in demand by many of the world’s major processing countries in 2014 (figure 1).

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Northern MPG
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Southern MPG
Southern MPG

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Western MPG
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