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Thursday, January 16, 2020

Opening price rises match recent year performances

By Andrew Woods  |  Source: AWC, WI, AWEX, RBA, ICS

Merino combing prices (represented by finer AWEX MPGs) jumped by 100-120 cents on Tuesday with crossbred prices firming and merino cardings up by 10-20 cents. This article looks at this jump in price and compares to it historical changes in the opening sales for the new calendar year.

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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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