Total uncertainty over Australian wool market's next move

By Tom Rookyard
Updated April 1 2020 - 11:50am, first published March 31 2020 - 1:00pm
As the only nation with any volume of wool to transact, Australia is in the focal seat, however, COVID-19 has all industries unsure of what will happen next.
As the only nation with any volume of wool to transact, Australia is in the focal seat, however, COVID-19 has all industries unsure of what will happen next.

It was relatively stable in the wool market for all industry participants last week, given the global pandemic of COVID-19. No doubt the postponement/closure of the South African and New Zealand markets, making Australia the only source of auction supplies, has helped support the market.

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