Australia's wool industry faces a levy rate decision affecting marketing, research, and diversification.
Australia's wool industry faces a crucial decision on the levy rate later this year, impacting marketing investments, research projects, and the overall industry. Wool growers' opinions on the levy rate were recently surveyed by ACM Agri, which found most growers do not want the Australian Wool Innovation levy raised. The decision on the levy rate will affect future funding for marketing and research and development, as well as diversifying wool marketing beyond China.
May 23, 2024
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