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Wool price up in first auctions of 2006
16 Jan 2006
The eastern market indicator was up 2.1 per cent last week to 649 cents pushed by strong demand from Europe. Wool prices have fallen 100 cents since July. Woolmark says prices should remain stable until April when there maybe a recovery of about 10 per cent led by finer wools. China accounted for 64.5 per cent of volumes in 2005, up from 54.4 per cent a year ago. The Australian Wool Exchange has brought forward a review of the way it calculates the benchmark market indicator.
The West Australian, 16/01/16
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