Volume of Clean Wool Exports Fall Sharply
A review of the data released by the Australian Bureau of Statistics for January 2008 saw no changes in the declining trend of Australian wool exports measured in volume terms, while the value of wool exports kept rising. A similar trend in wool exports appeared in the first seven months of this season. The volume of…
Egytex News Desk
Egytex
A diminishing supply of wool and rising auction wool prices in Australia are the main drivers behind the opposite trend in the volume and value of exported wool.
In the seven months ending January 2008, auction offerings of Australian wool were lower than one year earlier by 8% year-on-year. Similarly, in the same time period, AWTA tested 9% less (y-o-y) wool than in July 2006 - January 2007. In contrast, auction wool prices rose strongly influencing export earnings.
Source: Australian Wool Innovation Limited
From the Egytex news archive, first published on 6 May 2008. Figures and names are as reported at the time.
