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Tuesday, September 03, 2019

Merino price down cycle

By Andrew Woods  |  Source: AWEX, RBA, Emerging Markets, ICS

The 17% drop in the average Merino micron price in August ranked ninth on the monthly price falls during the past 70 years. In USD terms it was a larger fall (23%) and ranked seventh. While the speed of the price fall surprised, the direction did not. This article looks to put the current market in a wider context beyond the price falls of August.

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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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