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Falling off the sheep's back: Why Australia can't capitalise on record wool prices

Reuters  |  SYDNEY 

By Jonathan Barrett and Colin PackhamSYDNEY (Reuters) - Sheep farmers in rural Australia waited more than half a century for wool prices to come roaring back, only to find there aren't enough shearers to trim their golden fleeces."Once upon a time you could go down to the local pub and arrange for some fellas to come in and start almost immediately - those days are gone," said Alan Rae, a wool producer in Bungunya, a town of about 200 people in Queensland state.The industry shackles mean suppliers in Australia, which provides about 90 percent of the world's exported fine-wool used in clothing ...

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First Published: Fri, March 09 2018. 14:16 IST