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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.
As the 2017/18 wool selling season comes to an end, we examine the previous 12 months of stunning market performance and place it in a historical context. We also examine the main drivers of the market and the likelihood of it continuing to trade in a similar fashion.
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This month we assess wool hitting the historical milestone of $20/kg, a significant step for the industry as the price of wool has hit a level many once thought impossible. We look at what is driving this demand for our fibre and a brief outlook for the future.
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This month we examine the global and domestic state of the wool industry. With the recent World Merino Congress in Montevideo, Uruguay, coupled with record prices at Australian wool sales and a recent Australian wool production forecast we take stock of supply, demand and what may lie ahead.
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With the Easter recess now with us, wool remains at very competitive levels historically, despite pulling back slightly from the record highs seen over the past two months.
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Given the importance of their contribution to the global economy and the scale of all things China and the flow on effect other production areas of the globe, in this edition we look into the sheep and wool production within the Peoples Republic of China (PRC).
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