By Mily Wilson | Source: Ag Concepts, Riemann
After hectic wool forward market last week, this week seems to have lost its momentum. Only a handful of trades going through in fine and medium fibre wools.
Out of the five trades this week, two were for 19 micron and other three for 21 micron wool. Both the 19 micron wool traded at 1870¢ for August 2017. And the 21 micron wool traded at 1415¢ and 1435¢ for August 2017, while at 1425¢ for October 2017. There were no minimum price contracts traded this week.
For those with an interest in the finer classes of wool the Riemann platform have announced a new 18 micron contract available for forwards and MPC trading as of next week.
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