Wool Prices Hit Four-Year Low
August 19, 2005
August 19, 2005 -- ABC Australia reported today that the wool market hit a four-year low at sales this week.
The eastern market indicator fell below 700 cents a kilogram to 698 cents a kilo clean, the lowest since November 2001.
Falls were seen across all micron ranges for fleece wools.
Drops over the past few months have been attributed to the strength of the Australian dollar against the U.S. dollar.