Wool market stages Thursday recovery

By Bruce McLeish, Elders Northern Wool Manager
Updated May 1 2017 - 9:37am, first published April 30 2017 - 7:06pm
WOOL SALES: A dip in the Australian dollar saw the Thursday advantage come into play.
WOOL SALES: A dip in the Australian dollar saw the Thursday advantage come into play.

A BIT of downwards pressure initially during the past week led to quite a high pass-in rate, but then a dip in the Australian dollar saw the Thursday advantage come into play. Prices recovered nicely to close out the week with every meaningful category of wool across Australia rising at auction on Thursday.

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