Favourable trade signals boost wool market activity in Australia
Despite slightly lower AUD prices, positive signals buoyed wool trade as overseas buyers paid extra US cents or CNY per kg amid a recovering AUD and robust forward contracts from China. Fremantle market activity, with a 1.5 per cent gain in US dollar terms, reinforced optimism. While superfine Merino prices fell, broader Merino held steady despite weak Italian demand and quality challenges.
Despite slightly lower AUD prices, positive signals buoyed wool trade as overseas buyers paid extra US cents or CNY per kg amid a recovering AUD and robust forward contracts from China.
Fremantle market activity, with a 1.5 per cent gain in US dollar terms, reinforced optimism.
While superfine Merino prices fell, broader Merino held steady despite weak Italian demand and quality challenges.
