Wool Growers Impressed With Chinese Mill Investment
Dated- 03 Jul , 2012 - China
A group of Australian wool growers has just returned from a trip to China and came away feeling more confident about the industry's future.
Andrew Dennis is the National Wool Manager for Elders and he was in Perth on Friday night for the company's supreme clip of the sale awards night.
He says the wool awareness trip was a chance for growers to see what happens to their wool once it gets to China and to tour a few processing mills.
He says the growers were impressed with the level of Chinese investment in mill technology.
"The average mill in China is only 20 years old, so most of them are relatively new by world standards but there is ongoing investment some of the mills we we4nt to are still investing in new machinery now so they're modernising their equipment and investing which was a huge insight to the growers to see how much investment is involved in the wool industry in China."
"It was very positive for the growers to see the passion that the people in China who process wool, how much passion they've got for the wool industry and how well received the growers were."
"He says the European situation is very fluid there's no quick fix but they are working towards a resolution at the moment and if they can provide some stability in Europe then I think we'll quickly see a rebound in prices."