Wool indicator tops $20 mark in Western Australia with buying ‘squeeze’

Terry Sim, 11 May 2018

WOOL officially became a $20 a kilogram fibre in Western Australia this week with the state auction market’s indicator lifting 66 cents to an historic 2018c/kg clean.

$A / $US

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Source:
NAB

Future supply fears and lower dollar lift Australian wool prices

11 May 2018

GROWING fears about future supplies and a weakening Australian dollar helped lift wool prices to historic levels at auctions this week.

Wool auction price increases trigger forward market trades