Australian Wool Industry fleeced by Chinese and European processors.
The Australian Wool Industry and the public are being fleeced by China and Europe with Cashmere substitution.
Cashmere sells for 10 to 12 times the price of Australia Wool of the same micron, 19 or finer
China claims to produce from their Provence of Inner Mongolia, 6,500,000.kg of the best Cashmere per year, after removal of dirt and coarse fibres ,valued at $650 million to $975 million.
This would requie 40,000,000. cashmere goats to produce.
Latest figures available only 2,300,000. Cashmere goats in Inner Mongolia.
It is obvious, that Chinese processors are buying Australian wool under 19 micron,and selling it as Cashmere, which is allowable in U.S.A.,where most of the product is sold.
The Euopeans have been doing the same for many years. As well as blending just about all fine merino cardings into Mohair products. Someone has to pay for the Mega Yachts floating around the Mediterranean Sea.