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News and market insights by AWI trade specialists into economic, finance, and trade issues that affect the production, sales and demand for Australian wool.
The November market intel looks at the 2017 profile of the Australian wool clip in regard to the production of wool finer than 19.5 micron and the changing composition of what Australia growers have produced for market over the past three decades.
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This month AWI trade consultant Scott Carmody talks through the current market with an eye to the true drivers of price.
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This month we hear from AWI/Woolmark Global Strategic Adviser Peter Ackroyd who writes from London about the state of affairs for wool at processing regarding Brexit. You can also hear Peter expand on this in Episode 21 of The Yarn podcast at www.wool.com/podcast.
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This month we examine the nation’s wool clip, why it is lifting and how various micron bands have performed in the 2016/17 selling season.
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The overall sentiment in China remains positive, although there are some users who indicate that Merino wools finer than 19 micron are at "too high a level" and therefore are killing off demand in some sense. The 19.5 to 23 micron brackets remain price sensitive within the current ranges, but are "better priced" compared to the finer Merino. Demand however, was described as steady.
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