Weekly Wool Prices

Week Ending 3 February (Week 31)

3 February 2017

The underlying strength of the Australian wool market, particularly the Merino sector, was again very clear for all to see this week. Numerous factors could have conspired against the positive trajectory of the market but didn’t, including adverse foreign exchange rates in USD,CNY and Euro against the AUD, a selection that is diminishing both in volume and quality, and our major customer, China, celebrating a national week holiday for their New Year. Once more, resistance to the upward movement was tried by buyers, but failed dismally, as global competition ensured prices remained predominantly strong.

Click here to access AWI's Wool Weekly Market Report (PDF 636KB)