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Wool Markets ‘Up to Whole New Level’

11 May 2015

AUSTRALIA – Substantial gains across wool offerings were reported from markets last week, with the Merino sector excelling once more.

Prices closed up 14 per cent higher on the finer end of the market, according to reports from Australia Wool Innovation.

Consolidation is expected by analysts, who say such ‘rapid’ movements over recent weeks lead to questions over offerings being sufficient to quench demand.

The Eastern Market Indicator crept up a further six per cent to move 18 per cent higher than a year ago.

TheSheepSite News Desk