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1.Market Observations, 8.Was Sticky

14 July 2018 (AFR) – Farmers cheer record wool prices

(14 July 2018, AFR, p5, by Sarah Turner)

Wool price (Bloomberg, Rabobank)

Wool price (Bloomberg, Rabobank)

‘Australia’s wool farmers are hopeful record  wool prices will provide some protection from the heartbreaking cycles of boom and bust that have traditionally been their lot. The benchmark Eastern Wool Indicator crossed over the $20 a kilo mark for the first time recently and continues to advance as supply and demand trends converge into a winning combination for wool. In late 2012 wool fetched just over $10 a kilo, and just $13 as recently as two years ago.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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