WITH the global economy slowing and taking its toll on all industries, Japanese buyers have travelled to Australia in order to see if there is still a future in wool.
After the closure of the Jandakot Wool washing plant and the obvious downsizing of the wool industry, some Japanese buyers have been worried that their wool sources will also exit the industry.
Travelling to WA last week, Takisada-Osaka fibro materials assistant manager Hiro Miyoshi remained confident wool would always be a winning fibre.
Mr Miyoshi said since last October everything within the wool industry had changed dramatically.
"The wool industry has shrunk, especially in Australia," Mr Miyoshi said.
"This year Jandakot Wool washing plant closed suddenly and we were shocked."
Last May Mr Miyoshi visited Jandakot to inspect his wool being washed and was very satisfied with the product.
Mr Miyoshi has sourced and purchased wool through Westcoast Wools in recent years.
The Japanese wholesaler and trader ships 19.5, 20.5 and 21.8 micron Merino wool to the Nankai worsted spinning and combing company in Malaysia.
The majority of the wool tops are then sold to spinners and weavers in Japan and approximatly five per cent each to China and Nankai Malaysia for top end clothing.
The company will now have to send their wool to Michell's in Adelaide to be washed on a commission basis.
Mr Miyoshi and Westcoast Wools wool marketer John Kirkpatrick visited farmers in Lake Grace, Gairdner River and Williams.