The Australian Wool Growers Association (AWGA) is widely regarded as responsible for the sweeping reforms in the wool industry which led to the creation of Australian Wool Innovation as an independent, grower-owned commercial company.
The Australian wool industry, through the Australian Wool Exchange (AWEX), manages its own affairs in a de-regulated marketing environment, free of Government intrusion.
AWEX has produced a Code of Practice for the preparation of Australian Wool Clips, details of which are available from the AWEX website www.awex.com.au.
Below is a summary of the principle methods for selling wool.
The traditional spot auction market continues to be the dominant form of marketing for Australian wool. Prices depend on competition and the laws of supply and demand.
However, many woolgrowers are critical of the high costs
associated with centralised wool handling facilities and use
alternative selling methods.
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