The
Although it is known for its cattle,
?It?s a hard way
to make a living,? said Reynolds. ?You can make a good living, but it?s so
spread out, you have to travel a lot to make any
money.?
A professional
can shear, on average, 200 sheep a day.
The shortage of shearers in the
?ASI producer leaders recently heard
from
AWI Launches Wool Promotion
Campaign
The Australian
Wool Innovation (AWI) announced in late July its intent to spend an extra $20
million over the next four years to build the standing of wool as part of a
wider program to improve the natural fiber?s ailing image, reports Age
Australia.
The campaign
will target fashion designers and garment makers in an effort to get Australian
wool back on international clothes racks. The promotion follows a shrinking
demand for wool clothes in the face of cheaper artificial
alternatives.
A key part of
the campaign is the creation of new forms of wool, then the incorporation of
those wools into retail clothing -- particularly clothing sold in the Northern
Hemisphere. (The Northern Hemisphere accounts for 98 percent of all Australian
wool sold.)
Apart from
working on new products, like a trans-seasonal blend, AWI plans on increasing
financial support for products already in the market, such as wool
fleece.
Producers
approved a 2-percent levy to fund the project last year. Additional funding is
part of AWI?s recently revised five-year strategic investment plan. AWI has
budgeted A$75 million for 2004/05 activities ? A$35.5 million in off-farm
research, development and innovation (RDI) and A$29.5 million in on-farm RDI. In
addition, AWI will continue to invest in informational and educational programs
across both areas, with A$10 million allocated for this financial
year.
Cotton Prices
Slip
Cotton prices have slumped to a
20-month low amid reports that Chinese buyers may be delaying payment on
The Australian Broadcasting Corp.
recently reported that December futures contracts slid again, this time to 47.38
cents per pound. In addition, imports of cotton to
Andrew Cottle of
the Independent Commodity Management says market conditions will be depressed
for the next few months as the Chinese Government attempts to slow its economy.
?It?s a
considerable worry? said Cottle, ?but we suspect over time they will re-enter
the market.?