Instability of wool trade
Nature
Wool has been subject to intensive competition, due to price and technical characteristics, from synthetic fibres, which resulted in slowly falling wool prices as manufacturers switched to synthetics. As a result, producers were forced to reduce the size of sheep flocks. Such reductions, followed in recent years by droughts in Australia which killed many sheep (thus effectively cutting back production even further), have resulted in dramatic price increases. In addition, wools from developing countries have gradually lost ground to those from developed countries because of inadequate supplies and quality.
Broader
Value
SDG
Metadata
Database
World problems
Type
(E) Emanations of other problems
Biological classification
N/A
Subject
Content quality
Presentable
Language
English
1A4N
E2056
DOCID
11520560
D7NID
172985
Last update
Oct 4, 2020