Wool market closes 17 cents higher

By Bruce McLeish
May 6 2019 - 3:30pm
Thanks to a lower Australian currency woolgrowers in Australia saw much more positive return with a 17 cent rise in the AWEX Eastern Market Indicator figure for the week.
Thanks to a lower Australian currency woolgrowers in Australia saw much more positive return with a 17 cent rise in the AWEX Eastern Market Indicator figure for the week.

Last week saw the Australian wool market ease in US dollar terms by 21 cents, as auctions resumed after the one-week Easter recess, and the ensuing build up of quantity. However, prices for the better Merino fleece wools were again stronger as a result of limited supply.

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