Industry News

Industry News

The latest data on Australian wool exports was released on 7th November. It shows that wool exports from Australia dropped sharply in September compared with a year earlier. The weight of wool exported in September was 35% below the levels in September 2018, while the value of exports was down by a massive 56%. Incredibly, this monthly year-on-year decline by value is the largest seen since June 1990!

Exports to the four largest export destinations were down in September by between 27% and 45% in weight terms and by between 48% and 58% by value. Exports to China were down by 58% by value and by 37% in volume. For the first quarter of the 2019/20 season the weight of wool exported was 26% lower than a year earlier while the value of exports was down by 41%. These declines demonstrate how sharply demand has fallen in recent months.

Details are provided in this week’s full edition of the NCWSBA Weekly Newsletter. Available to NCWSBA members.

National Council of Wool Selling Brokers of Australia

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