China increases import quota for Australian wool in 2024 by 5%

The import quota for New Zealand wool next year will be 36,936 tonnes and that of wool tops from that country will be set at 665 tonnes, according to China's commerce ministry and the general administration of customs.

While China accounted for 82 per cent of Australia's wool exports between July 1 and December 31, 2022, India bought only 5 per cent, a Chinese state-controlled media outlet reported citing data from the Nanjing Wool Market.

ALCHEMPro News Desk (DS)