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Tuesday, January 14, 2020

South African wool market opens strongly – what does that mean?

By Andrew Woods  |  Source: Cape Wools, AWEX, ICS

The first sale for South African greasy wool market was held last week and quotes were 7-8% above the closing Australian MPGs from December 2019. Such a strong market augers well for the Australian market this week. This article takes a look at the South African market in relation to the Australian market in recent years.

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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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