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Australian Wool Prices Rise and Drought Threatens Supply

Rivet's 2020 Denim Circularity report takes a deep dive into how the global denim industry is plotting its circular future amidst a worldwide pandemic.

Australia is facing a drought that could impact the supply of wool. The Australian Wool Exchange Eastern Market Indicator (EMI) rose 18 cents per pound for the week ended Friday to close at $14.81, following a three-week seasonal break in sales, amid a drought that’s hindering supply. Australian Wool Innovation (AWI) said in its weekly…

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