Wool market dips | Elders

By Bruce McLeish, Elders
Updated March 6 2019 - 1:02pm, first published March 4 2019 - 11:27am
Wool market dips | Elders
Wool market dips | Elders

A correction everyone expected for the wool market occurred last week, to compensate for the exuberance of the previous week. By the end of the week, though, it was more of a steadying effect than a correction with the leading indicator only falling by 11 cents in both local currency and USD. The reasonably large offering  gave buyers the flexibility to moderate their purchasing and of course react to the extreme jump of the previous week after the FMD scare in South Africa.

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