Chinese buyers stabilise Australian wool market this week
Australian wool prices stabilised this week as China’s two largest Merino top makers purchased over 38 per cent of the sold Merino fleece, reviving market confidence. While overall demand remained cautious, crossbred wools saw gains despite a stronger Australian dollar. Drought conditions continue to threaten future supply, reducing fleece yields.
Australian wool prices stabilised this week as China’s two largest Merino top makers purchased over 38 per cent of the sold Merino fleece, reviving market confidence.
While overall demand remained cautious, crossbred wools saw gains despite a stronger Australian dollar.
Drought conditions continue to threaten future supply, reducing fleece yields.
