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Tuesday, December 10, 2019

Short Merino fleece discounts

By Andrew Woods  |  Source: AWEX, ICS

In the second half of 2018, the Merino cardings market plunged, staging a minor rebound in early 2019 before plunging again last autumn. The Merino Cardings (MC) indicator fell from 0.7 of the 21 MPG in mid-2018 to a low of 0.47 of the 21 MPG in mid-2019. It has since recovered in relation to the combing indicator to be trading at 0.64 of the 21 MPG. With these wild fluctuations of the MC basis to the combing indicators in mind, this article takes a look at discounts for short staple combing Merino fleece.

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