ASANKA BRENDON RATNAYAKE

Australian Wool Production Drops To Lowest Level In 100 Years

GIPPSLAND, AUSTRALIA - FEBRUARY 26: Farmer Andrew Mcnaughton on his property mustering a flock of sheep in prepartion for them to be shorn on February 26, 2025 in Gippsland, 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

GIPPSLAND, AUSTRALIA - FEBRUARY 26: Farmer Andrew Mcnaughton on his property mustering a flock of sheep in prepartion for them to be shorn on February 26, 2025 in Gippsland, 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)