By Olivia Agar | Source: Riemann, ACA
The wool forwards market was more subdued this week after its previous fluster of post-recess activity. Growers weren’t looking to lock in contracts too far in advance, with trades spanning only the second quarter of 2018.
19 micron wool traded at 2135¢ and 2140¢ for March 2018, while a deal for April was struck at 2115¢. A contract of 19.5 micron traded at 2025¢ for May 2018. In the medium fibre category, two trades of 21 micron wool were dealt at 1750¢, and another at 1760¢ for April 2018.
This week also saw one minimum price contract taken out on 18 micron with a strike price of 2050¢ and an expiry date of July 2018. The grower has the option for a 30¢ premium.
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