Concerns higher supplies could cause correction

By Bruce McLeish, Elders Wool
Updated October 28 2020 - 11:12am, first published October 26 2020 - 2:00pm
Australian wool prices had a near-record daily gain of 123 cents a kilogram last week, but higher supplies on offer may quash the recent market uptick.
Australian wool prices had a near-record daily gain of 123 cents a kilogram last week, but higher supplies on offer may quash the recent market uptick.

The wool market likes to break records and it came very close to a new one last week - with the jump in prices on Tuesday being the second biggest rise in the Eastern Market Indicator (EMI) recorded by the Australian Wool Exchange.

Subscribe now for unlimited access to all our agricultural news across the nation

$0/

(min cost $0)

or signup to continue reading

See subscription options

Get the latest NSW news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.