There's an “economic storm” brewing in the Falklands' rural sector said Chair of the Rural Business Lewis Clifton on Wednesday night. At the Farmers Week Reception hosted by Governor Alison Blake, Mr. Clifton gave a speech and spoke to Penguin News about the problems farmers are facing because of climate change and other economic factors.
Landholdings General Manager Andy Pollard has reported that the wool market remains in a strong position, with demand increasing as customers view it as a more sustainable product than artificial fibres.
Falklands Landholdings, FLH, has managed an excellent 2016/17 wool clip in a year with bullish prices, reports the Penguin News latest edition. A total of 138,302 sheep have been shorn producing 342,980 kilos of clean wool and all packed into 2,653 bales over the last five months.
The United Kingdom is the main import trading partner of the Falkland Islands with 87% of all imported goods coming from the UK in 2012 (Customs and Immigration 2013) with the rest imported mostly from Chile and Uruguay, according to the latest report on the Falklands' State of the Economy.