Related Keywords: fibre is sold, global apparel consumption, industry to rethink, more boutique selling format, Northern new south Wales, Wool auction system, wool exporters
The auction system has been the prime method of ownership transfer and price discovery in Australia for about 130 years But now wool exporters in northern New South Wales want industry to rethinks how the fibre is sold, as wool is taking up less than two percent of global apparel consumption.
