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Thursday, November 28, 2019
Wool prices continue to follow the lead of apparel fibres
By Andrew Woods | Source: AWEX, RBA, Wood MacKenzie PCI, Emerging Markets, ICS
Last December, Mecardo opined that the Merino greasy wool market had reached a cyclical peak in 2018 in US dollar terms with a down cycle likely in 2019, and supply uncertainty likely to soften this downturn. This article extends the data used in that article to look at the current situation for Merino wool prices.
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