Industry seeks stability after solid start to the new year

By Elders Wool
Updated January 18 2021 - 7:23pm, first published 2:00pm
As physical wool auction sales resumed last week after the Christmas recess, solid Chinese demand led to a slight rise in values that was tempered by a stronger Australian currency.
As physical wool auction sales resumed last week after the Christmas recess, solid Chinese demand led to a slight rise in values that was tempered by a stronger Australian currency.

COMMENT

Initially most of the "experts" had expected the wool market to struggle during the first sale back after the recess, given there were more than 50,000 bales on offer - plus a currency that was the best part of US3 cent higher than its pre-Christmas level.

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