ASANKA BRENDON RATNAYAKE

Australian Wool Production Drops To Lowest Level In 100 Years

MELBOURNE, AUSTRALIA - MARCH 5: A general view of the auction show floor where potential buyers can examine a sample of wool from a lot which which will be auctioned at the Australian Wool Exchange on March 5, 2025 in Melbourne, Australia. The Australian wool industry is facing significant challenges, with wool production forecast to drop to its lowest level in over 100 years in the 2024-25 season, reaching 279.4 million kilograms, a 12% decrease from the previous year. Despite these production declines, the industry is experiencing growth in demand, particularly from Asia, driven by robust global demand and a focus on sustainable practices. (Photo by Asanka Ratnayake/Getty Images)

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Contained in galleries: The Australian Wool Industry: A Sector in Peril

MELBOURNE, AUSTRALIA - MARCH 5: A general view of the auction show floor where potential buyers can examine a sample of wool from a lot which which will be auctioned at the Australian Wool Exchange on March 5, 2025 in Melbourne, Australia. The Australian wool industry is facing significant challenges, with wool production forecast to drop to its lowest level in over 100 years in the 2024-25 season, reaching 279.4 million kilograms, a 12% decrease from the previous year. Despite these production declines, the industry is experiencing growth in demand, particularly from Asia, driven by robust global demand and a focus on sustainable practices. (Photo by Asanka Ratnayake/Getty Images)