Wool industry hit by pandemic
Wool producers are the latest industry to be impacted by the COVID-19 pandemic, affecting growers nationwide.
Australia makes up 25 per cent of the world's greasy wool production; however, with key importers shutting down due to the coronavirus, bale sales have halved.
Brimpaen farmer David Grimble said no one is immune from the pandemic's impact.
"Agriculturally speaking, commodities have taken a hit," he said.
"Wool was hit about a month ago. Italy, China - countries that buy our greasy wool - were hit hard and we'll see the real effect in 12 months."
Nutrien Ag Solutions state manager Michael de Kleuver said the past month was tough for producers.
"Looking forward, things will be tough," he said.
"The big buying groups - Italy, China and India - have all shut down their production.
"There are issues with logistics, financing, and above all else, wool is a luxury commodity.
"A lot of people are losing their jobs and it means less discretionary income.
"Wool is not an essential part of life."
In the past month, wool prices dropped 14 per cent, from 1521c/kg to 1301c/kg.
Prices have dipped 19 per cent in 2020.
Mr de Kleuver added the real impact would be seen next year.
"The global pipeline for wool is very long.
"You can sell a bale of wool today and it will be available as a garment in December. That's how long the chain is across the world.
"But given what has happened around the world I think the wool industry is doing OK."
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