Australian wool prices have fallen again, despite showing small signs of recovery the week before.
Wool hopes hang on China policies and European consumers embracing the natural fibre as pandemic lockdown measures start to be wound-back.
A major wool trader and topmaker says the industry needs a major overhaul to take advantage of coronavirus.
Low wool supplies and a small uptick in demand saw wool prices rise slightly last week for the first time in more than a month.
Tuesday's wool sales in Melbourne and Sydney showed signs of a price recovery with the EMI rising 11 cents a kilogram clean.
Last week the pastoral industry lost an icon; but the Litchfield family loss is far greater, and the loss to agriculture is immeasurable.
The wool market had another bad day on Wednesday with the EMI losing another 38 cents to finish on 1170c a kilogram clean.