STRONG demand for Australian wool has been reflected in the latest export figures and Elders State wool manager Stuart Macaulay says the September quarter showed a 32pc increase on the same period last year.
Mr Macaulay says China continues to be the largest export destination for our wool, accounting for 46 pc or 53 million kilograms of greasy wool of all exports for the financial year.
He says in the September quarter China has taken a staggering 87pc more wool than for the same period last year, without the disruption of SARS.
China Takes 53 pc of its raw wool imports from Australia.
³Italy remains the second largest export destination, taking 15.2 million kilograms greasy or 13pc of total exports,² Mr Macaulay says.
³However, fine wool volumes continue to be dominated by China where Chinese and Western companies make fine wool top.
³India is in third place, importing 8.5 million kilograms, an increase of 41pc on the year and it continues to emerge as a major long-term player in the overall wool market.²
Mr Macaulay says textile quotas remain topical around the world and the return of the Bush government in America is seen as a major positive for the international textile trade.
He said the Democratic Party under John Kerry was likely to have been more protectionist and could have had a larger effect by restricting trade.
Supply of wool in the southern hemisphere is in full swing.
³The October testing statistics are showing an 11 pc reduction of wool tests and this drop in testing is also a result of rains in some parts of Australia,² Mr Macaulay said.
³In WA wool cuts in Wheatbelt areas have been good so far this season however after last years very good production in the Great Southern this year is seeing a return closer to the average with cuts down slightly in that region.
³In country around Broken Hill and the pastoral districts of SA we find the red centre is covered in green or red mud and a small rain in those parts limits any movement on dirt roads, particularly for wool-carrying road trains.²