The strong wool market should result in good demand for New England rams this selling season.
THE Christmas celebrations have come early for wool producers who sold golden fleeces during the last week of wool auctions for 2017.
With the Eastern Market Indicator at a record and auctions preparing to shut for the Christmas break, confidence abounds the market will stay strong into 2018.
The wool market shrugged off the previous week’s indecision with every micron category gaining in value.
In 1989, the Australian wool market collapsed and burdened Australia woolgrowers with the ownership of a 4.7 million bale stockpile and a debt of $2.8 billion.
The nation’s agricultural think tank chief believes weakness surrounding oversight and transparency of levy management is diminishing the strength of industry bodies.