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Thursday, May 21, 2015

High VM or low staple strength? Strong demand provides safety net in wool market

By Andrew Woods, ICS  |  Source: AWEX, ICS

The strong cardings market is pushing the Merino Cardings indicator up towards 1100 cents, a fantastic price for an indicator based on crutchings and locks. Such strength in cardings prices derives from strong demand for wool to be used in the knitwear sector. This article looks at how the strong demand from the knitwear sector is playing out for faulty fleece types.

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Mecardo information is provided to assist in your marketing decisions. It contains a range of data and views on the current market. It is not intended to constitute advice for a specific purpose. Before taking any action in relation to information contained within this report, you should seek advice from a qualified professional. The information is obtained from a variety of sources and neither Mecardo nor Ag Concepts Advisory will be held liable for any loss or damage whatsoever that may arise from the use of information or for any error or mis-statement contained in this report. 

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