The saying used to be that Australia's economy "rode on the sheep's back." That was back in the 1950s, a time of massive demand for wool to make Korean War uniforms. The wool industry has shrunk dramatically since the 1991 collapse of a Government scheme meant to stabilise prices. But prices are storming back, this year hitting record highs, thanks to China.
The saying used to be that Australia's economy "rode on the sheep's back." That was back in the 1950s, a time of massive demand for wool to make Korean War uniforms. The wool industry has shrunk dramatically since the 1991 collapse of a Government scheme meant to stabilise prices. But prices are storming back, this year hitting record highs, thanks to China.
