Australian Wool Regains Strength As Workers Return to the Office

A bank report predicts that wool prices are rising after subdued demand during the COVID-19 pandemic. Amal Chen/The Epoch Times

A new report has forecasted that demand for wool from Australia—which controls 90 percent of global exports—will rise as people head back into the office and pick up office suits, blazers, and ties again.

Despite an increase in working from home during the CCP virus pandemic sapping wool demand, agricultural bank Rabobank predicted an upward trend on the horizon.