Imminent breather in auction sales lets industry take stock

By Bruce McLeish, Elders Wool
Updated July 6 2020 - 3:19pm, first published 2:00pm
Wool stocks being held by growers across the world due to current market conditions are steadily growing and may reach the equivalent of about 30 per cent of annual production by the end of the year.
Wool stocks being held by growers across the world due to current market conditions are steadily growing and may reach the equivalent of about 30 per cent of annual production by the end of the year.

A feeling of relief followed the conclusion of wool auction sales in Australia last week - as well as those in South Africa.

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