By Andrew Woods | Source: AWEX, AWC, AWRAP, ICS
For the 19 to 22 MPGs last week’s fall in price were the largest in absolute terms since 1991, after the fall of the Reserve Price Scheme and the following volatility through to the spring of 1991. In proportional terms, the fall in price of 6 to 7%, ranked 14th since 1991 for the 19 MPG and 9th for the 21 MPG. The price effect was not even across different categories of wool, a point this article focuses on.
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