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The scheme was set up to smooth out fluctuations in prices for wool, of which Australia continues to be a major producer. The objective was for the AWC to buy wool when its price was below the floor price, which after 1987 was set by the Wool Council of Australia, and then sell it later when the market recovered. The scheme was funded by a levy ...
The price at which Australian Woollen Mills could sell its goods were fixed by the Commonwealth Prices Commissioner until 20 September 1948. From 30 June 1946, the Australian government introduced a subsidy for the purchase of wool to be manufactured into garments in Australia and sold for local consumption.
This page was last edited on 28 November 2023, at 13:23 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
Merino wool From sheep. Softer than cotton. Retains warmth when wet. Breathability allows lighter weights to be good for summer wear. Icelandic wool: From sheep. Strong but scratchy, best used as an outer layer. Mohair: From goats. Lofty and luxurious. May feel scratchy, best used as an outer layer. Cashmere: From goats. Soft, luxurious ...
The wool industry faced significant challenges during the two World Wars and an economic depression, impacting labour availability, demand, and wool prices. While there was a brief boom in the 1950s, the industry faced threats from the increasing popularity of synthetic fibres, rising production costs, and declining international prices.
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