WOOL prices spiralled further south this week, as Chinese buying support went missing.
AWI has claimed it would become insolvent if a majority 1.5 per cent levy was voted in at this year’s WoolPoll, despite a record $120 million sitting in its financial reserves.
WOOL prices have lost the gains of the previous week and then some, as the Eastern Market Indicator dropped below 2000 cents a kilogram.
WoolProducers Australia said AWI has missed the fact levy payers are the ones suffering during dry conditions.
As the only agricultural industry to have it's say on it's levy rate, WoolPoll is the time to have your say.