A survey has revealed the impact of the coronavirus economic slowdown so far on the wool industry, with one in three farms reporting a loss in income.

The price of wool has collapsed this year, down by up to 35 percent since January.

Growers are now worried border closures could see a shearer shortage come spring.

Rural editor Eddie Summerfield caught up with Wool Producers Australia President Ed Storey:

Listen to the full interview above or Subscribe to the National Rural News podcast: http://bit.ly/RuralNewsPodcast

A survey has revealed the impact of the coronavirus economic slowdown so far on the wool industry, with one in three farms reporting a loss in income.
The price of wool has collapsed this year, down by up to 35 percent since January.
Growers are now worried border closures could see a shearer shortage come spring.
Rural editor Eddie Summerfield caught up with Wool Producers Australia President Ed Storey:
Listen to the full interview above or Subscribe to the National Rural News podcast: http://bit.ly/RuralNewsPodcast

The Rural News

The Rural News is market leader, dealing exclusively with stories of interest to the farming sector and has the support of Australia’s largest media business and international correspondents.

The Rural News is market leader, dealing exclusively with stories of interest to the farming sector and has the support of Australia&rsquo;s largest media business and international correspondents.

Advertisement