at Woodstock, NSW
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Australia is the world's largest producer of wool, providing over a third of the world's wool.
China and Italy account for over half of the wool exported from Australia.(Source: Australian Government Department of Agriculture, Fisheries and Forestry.)
The fascinating story of the development of the Merino can be found at the Australian Association of Stud Merino Breeders web site.
It describes the evolution of the Australian Merino and the four basic strains of Merino sheep - Peppin, South Australian, Saxon and Spanish.
Also described are the bloodlines (Fine, Medium and Strong Wool).
The Woolmark web site also has good information.
Arriving in Sydney on the Second Fleet (1790), John and Elizabeth Macarthur were the founders of the wool industry in Australia.