Australian merino wool future positive after surging price restores grower confidence

News Snapshot:

After being hit by drought and rising feed and production costs in recent years, some wool growers have been leaving the industry, concerned about their viability. For those who stuck it out, like Condobolin grower Gabby Neale, the recent sustained run of rising wool prices amid strong demand has given them a reason for optimism. Ms Neale grew up on a wool farm in Condobolin and is now the founder and creative director of Merino clothing label Intact. She said she had always seen great potential for wool beyond traditional knitwear and wanted to ensure consumers continued to find benefit...