Australian wool prices continue to display the oscillating pattern that has been evident for the entirety of the selling season. Following on from last week’s strong gains, this series softened and local prices retracted across most of the offering. Whilst the demand for the wools on offer remained strong, the AUD:USD foreign exchange (FX) rate was the most attributable factor that affected the market this week. The negation in price was adverse to the increase in the Aussie dollar against the US.
Click here to access AWI's Wool Market Weekly Report (pdf 1079Kb).