Mecardo said the record wool prices were due to strong demand from China and short supply © 123RF
Mecardo said the record wool prices were due to strong demand from China and short supply © 123RF

Wool revival sees record prices

6 November 2017

Australia’s wool industry has revived to levels not seen since the 1950s, with record prices set this week and billions in export sales, according to market analysts.

Agricultural analysts Mecardo said strong demand from China and a short supply of wool were behind the surge, with the primary price signal—the AWEX Eastern Market Indicator (AWEX-EMI)— reaching an all-time high of 1,623c/kg.

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