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A Drought is Impacting Australian Wool, Lowering Production Outlook

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The Australian Wool Production Forecasting Committee has forecast that Australian shorn wool production for 2018-2019 will be down 12.7 percent from 2017-2018 to 298 million kilograms. The new forecast, according to the committee, reflects the continuing drought conditions across large parts of Australia. It is also lower than its forecast of 305 million kilograms presented…

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