The paragraph below is an exert from "The AG Letter"
"Sheep farmers are stunned by the rapid and significant fall in wool prices over the last 6 months. Second shear fleece wool
is now 135c/kg (greasy) cheaper than it was in August 2016 - a fall of -33%. For the “average” farm business with around
6000 sheep su, this has wiped around $46,000 off the wool income for this financial year compared to last"
What has happened to the wool industry of late? There was a call from a senior analyst talking on the "Country" radio station the other week - for farmers to hold onto wool if they are financially able to do so - is this a solution ? What else can be done?
This is very interesting and shows the decline that has occurred this year