Wool Market Hits 5-Year Low
June 17, 2005
June 17, 2005 -- U.S. wool trading was at a complete standstill last week, according to the report from the U.S. Department of Agriculture. The demand was light to very light with seller interest light to moderate in the western states.
Wool trading in the grease was at a near standstill as well.
According to ABC Australia, the Australian wool market hit its lowest point in almost five years last week as well, with the Southern Market Indicator Falling 11 cents to close at 713.
Elders wool market analyst says it could be another difficult week this week when sales resumed on Wednesday.
Staff contact: Rita Kourlis Samuelson, ext. 29