By Andrew Woods | Source: BAE, AWC, WI, AWEX, RBA, PCI Wood Mackenzie, Cotlook, ICS
The Merino Cardings indicator has fallen by around 500 cents or one third since August. It has been an abrupt change in sentiment for a segment of the greasy wool market which has traded strongly, at high levels for five years. This article takes a long term look at the cardings indicator and its relationship to cotton.
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