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Thursday, January 31, 2019

Matching up Australian crossbred prices with NZ prices

By Andrew Woods  |  Source: AWEX, RBA, PGG Wrightson

As the major Merino wool producer, Australian prices are the effective benchmark for greasy Merino prices. This benchmark position is aided by the transparency of the market, in large part due to market reporting by AWEX. New Zealand has been through a dark decade of low-level greasy wool price reporting. In recent years PGG Wrightson has resurrected market reporting and this article uses this data to test Australian crossbred prices against New Zealand prices.

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