Experts anticipate that the demand for wool will rise around 10 percent by the December 2006, affected by hike in oil prices that pushed up the prices of synthetics.
Although the oil prices go up in the early months this year, the wool market has not recorded any significant gains.
However, the growing demand from Chinese manufacturers is expected to help boost the market.
The recent drought is likely to cause drop in China's wool production, offering better opportunities for Australian wool exporters.
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