After two successive weeks of extraordinary price rises, the somewhat too familiar and inevitable “correction” occurred this week across most wool types. A combination of factors conspired to turn the market on its head . As a result, effectively 50 to 60acents was wiped off Merino fleece values as the market moved into the buyers favour.
On a more positive note, all Merino skirtings were basically maintained or became dearer at their comparatively high levels.
Click here to access AWI's Wool Market Weekly Report (pdf 1.05Mb).