“The circus has come to town,” Queensland Nationals Senator Barry O'Sullivan chimed during a Senate Estimates hearing scrutinising Australian Wool Innovation (AWI) expenditure.
Australian Wool Innovation (AWI) is on the back foot defending payments of up to $531,371 in termination and ex-gratia fees to retrenched staff.
THE spread between over-the-hooks (OTH) and saleyard prices for mutton and lamb continues to widen as processors set limits well below the physical market.
AGENTS and woolgrowers could save $11 million over five years through the relocation of Sydney’s Yennora wool sales to Goulburn, a new report, Towards a new wool selling future in NSW, has shown.
PRICES continue to float in record territory as the unquenchable appetite for superfine wool forces the Australian Wool Exchange’s Eastern Market Indicator (EMI) to 1440 cents a kilogram, 12 per cent higher than year-ago levels.
AS the famine for European style wool intensifies, buyers showed their cards at the designated superfine sale in Sydney on Thursday with desperate bids more than 80 cents a kilogram up on last week.
Getting lumped with 100 cent a kilogram clean price penalty on woolgrower Tony Butler’s 200-bale wool clip was the catalyst for a shearing overall.