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Tuesday, May 30, 2017

What use are past glories

By Andrew Woods  |  Source: ABS, RBA, ABARES, AWEX, WTiN, DFAT, ICS

During strong price cycles the temptation is to recall the glory days (whatever they are or were) of a commodity and imply they have at least returned, in part. A recent article on the wool industry travelled this well-trod path, even comparing fine wool prices to that of truffles. The challenge for the industry when things are going well is to keep a sober focus, which this article aims to help maintain.

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Northern MPG
Northern MPG

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Southern MPG
Southern MPG

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Western MPG
Western MPG

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Go to Wool data

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