By Andrew Woods | Source: AWEX, ICS
The Merino Cardings indicator, which is made up of crutchings and locks prices, has fallen by 38% since last August (41% in US dollar terms). This is a solid down cycle, and with stocks reported to be held overseas, a recovery in price does not seem likely in the near to medium term. This article looks at what this may mean for short length Merino fleece prices.
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