The rebound in China sparks wool prices

For several weeks, euphoria has returned to the wool market in Australia, the world’s largest producer. The second wave and the restrictive measures in Europe threaten the market with a further collapse in prices.

Australian sheep in a shearing plant.

For several weeks, euphoria has returned to the wool market in Australia, the world’s largest producer. According to the Eastern Market Indicator, the benchmark index, the price per kilo has jumped 42% since September to reach 12.19 Australian dollars, or 7.36 euros. This is its highest level since April, recalls the Australian Wool Innovation (AWI), the pandemic having sent prices down.

Frenzied auctions for merino

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