Drought cuts supplies of in-demand merino wool

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Driven by Chinese wool mills and Italian garment makers, merino wool in Australia – which provides 90 percent of the world’s exported fine wool – is enjoying something of a global renaissance. But, as Sonia Legg reports, in Australia’s east, where the bulk of the country’s wool is produced, a drought is cutting supplies even as demand increases.

Read more at : http://feeds.reuters.com/~r/reuters/USVideoBusiness/~3/Qtu7zcMc-OA/drought-cuts-supplies-of-in-demand-merin

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