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Thursday, May 23, 2019

Wool prices from a domestic Chinese perspective

By Andrew Woods  |  Source: AWEX, RBA

International commodity prices tend to follow similar cycles and trends in different currencies. Which exchange rates are important to the price of a commodity also depends on where it is consumed. For example, wool may be processed in China but then exported for further processing or for sale as apparel. In this case, the Chinese RMB exchange rate is less important. For wool consumed within China (reported to be in the order of half of the Australian clip) the Chinese RMB exchange rate is more important. This article takes a quick look at some key wool indicators in Chinese RMB terms.

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Northern MPG
Northern MPG

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Southern MPG
Southern MPG

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Go to Wool data

Western MPG
Western MPG

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Go to Wool data

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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