Industry consultations will take place over the course of the project, with a final report due to be delivered to the Department of Agriculture, Water and the Environment in September 2022.
WoolProducers will assess opportunities for domestic and diversified wool processing under the Australian Trade and Market Access Cooperation (ATMAC) program.
WoolProducers CEO, Ms Jo Hall said, “The time is right for us to look at such opportunities, changing trade patterns, the risk of emergency animal diseases, Australia’s desire to increase its domestic manufacturing capacity, and supply chain expectations on sustainability and transparency are key considerations that will guide the work of the feasibility study.”
Following a comprehensive tender process WoolProducers are pleased to announce that Deloitte Access Economics have been engaged to assist with the wide-ranging feasibility study. Deloitte brings a highly experienced team of economists and trade analysts to the project, supported by their strong global network and complemented by a team of industry subject matter experts.
The work of the project will be guided by a Steering Committee comprising of: Australian Wool Innovation, National Council of Wool Selling Brokers of Australia, Australian Council of Wool Exporters & Processors Inc, Australian Wool Testing Authority, Australian Wool Exchange and Austrade.
“The Steering Committee, and its diverse composition are a core element of the project, providing direct industry linkages and expertise for the Deloitte team, which will also ensure that the final report will be of value to our entire industry”.
Industry consultations will take place over the course of the project, with a final report due to be delivered to the Department of Agriculture, Water and the Environment in September 2022.
“WoolProducers look forward to delivery of the final report to determine what steps can be taken to value add, and limit risks associated with our wool exports.”
“We would like to thank Minister Littleproud and the ATMAC program of the Department of Agriculture, Water and the Environment, for providing the funding for this important work,” Ms Hall said.
Detail on the elements of the feasibility study can be found here.