THE wool industry is emerging as the biggest success story in agriculture at the moment with prices reaching unprecedented levels.
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For people at the coalface of the industry, like Jenni Turner who is with Fox and Lillie Rural at Culcairn in southern NSW, the rewards are something to be appreciated.
“Everyone is in awe of the prices at the moment, it makes this job worthwhile,” she said.
Ms Turner said despite the dry conditions the returns for wool were deserving rewards for people who had stuck with sheep and remained loyal to the industry.
“People can put money into long and overdue infrastructure and it is good to see all of the positivity about wool prices,” she said.
However, she stressed that there was mounting concern about the dry conditions.
She said it was normal for supply to be quite low at this time of the year but there was still some quality fleece coming in.
“The sheep around this are are in good condition and that is testament to (the management) of growers in my area,” she said.
“They have been managing sheep well through difficult conditions.” They have been managing sheep through difficult conditions. According to the wool report with Marty Moses the Eastern Market Indicator for wool settled at 2027c/kg at the end of last week.
Meanwhile, the latest National Australia Bank (NAB) Rural Commodities index has increased by three per cent due to wool, grain, horticulture and cotton prices.
NAB Agribusiness Economist Phin Ziebell said the rain received in May had been enough to get winter crops in the ground in the south-east, but conditions were very tough across much of the country following another very dry month.
However, he said returns for wool growers were excellent. This was backed up by good prices for export lambs particularly with demand coming from the US and China.
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