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Tuesday, May 09, 2017

What has been the biggest driver of broad merino prices?

By Andrew Woods  |  Source: AWEX, AWTA, PCI Wood Mackenzie, RBA, ICS

The 23 MPG has spent the past eleven months trading at or near nominal all-time highs, in Australian dollar terms. The closely associated 21 and 22 MPGs have been trading at high levels also, but below the peak levels reached in 1988. This article takes a look at the 23 micron price and its key driver in more detail.

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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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