Australian wool sector rides evolving market trends

Australia's pillar wool sector is reaping the rewards from record-high prices as it rides on consumption upgrades and other strengths in its biggest market, China, according to latest figures. The Australian wool market hit its strongest level in seven years, reaching an industry index of nearly A$20 ($14) a kilogram by the end of May, according to Australian Wool Innovation, the main nonprofit group providing research for the sector. AWI said the rise "marks one of the strongest periods of sust