International wool price has reached a new high in the past 10 years
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Last Update: 2002-01-31
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Source: Internet
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Author: User
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Introduction: since this year, international wool prices have continued to rise Australian wool auction prices rose to a $9.07 per kilogram, a new high in the past 10 years At present, the price of wool is stable at around 8.87 Australian dollars, 1.13 Australian dollars higher than the auction price at the beginning of this year, up 13.3% The increase of wool price is mainly caused by the conversion of wool producers In the 1990s, due to the continuous downturn in the price of wool, many producers changed to produce meat eating livestock The year before and last year, foot-and-mouth disease and mad cow disease broke out in Europe and Japan one after another, which stimulated the conversion of local wool producers On the other hand, due to the weather, the growth of Australian forage is not strong this year, and the wool production will be affected It is estimated that Australian and New Zealand wool production will decline by 7 per cent in the 2001 wool year (July 2001 to June 2002), to its lowest level in the past 50 years However, while the price of wool is rising, the consumption of wool clothing is still not improving.
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