Aussie wool price on a high

13 April 2000

Aussie wool price on a high

AUSTRALIAN wool values have now reached their highest levels in two following sharp rises in the past week.

The Eastern Market Indicator price rose 31 Australian cents to A$7.13/kg (2.69/kg).

The Australian Wool exchange 19-micron southern indicator, which represents finer wool, climbed 25A¢ to A$12.44/kg (4.69/kg).

According to the FT, the higher prices are now bringing more stocks out of storage and on to the market.

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