EMI to drop 26pc thanks to trade wars and superfine wool glut, says ABARES

Vernon Graham
September 17 2019 - 2:30pm
DROUGHT FINE: The ongoing dry weather has caused a spike in production of low-quality, superfine wool which will push down prices in the coming year.
DROUGHT FINE: The ongoing dry weather has caused a spike in production of low-quality, superfine wool which will push down prices in the coming year.

Global trade uncertainty and higher production of superfine wool will push prices down by 26 per cent this financial year, according to the national commodity forecaster, ABARES.

Vernon Graham

Vernon Graham

National machinery and property writer

Former editor of The Land, former Fairfax Media Agricultural Editor

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