Wool market eases 40-50c/kg as dollar creeps up

By Bruce McLeish
Updated September 18 2017 - 9:48am, first published 8:58am
SOFTER MARKET: Merino prices around the globe took a step back during the past week.
SOFTER MARKET: Merino prices around the globe took a step back during the past week.

THE Australian wool market, and therefore Merino prices around the globe took a step back during the past week as higher currency exchange rates and uncertainty from customers came to the fore. On average Merino types eased by 40 or 50c/kg, with the low performing high mid-break lots being more severely discounted, but even the better style lots showed an easier tendency temporarily.

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