Rise in Aussie dollar impacts wool prices as Merino back 20c/kg
Wednesday saw a sharp rise in the AUD, which in turn started to impact prices, which were reflected in the Merino MPG’s. All MPG’s gave back 5c to 20c with the exception of the 19 MPG.
Wool, lamb, and Merino genetics, covering what's shaping Australia's sheep industry.
Wednesday saw a sharp rise in the AUD, which in turn started to impact prices, which were reflected in the Merino MPG’s. All MPG’s gave back 5c to 20c with the exception of the 19 MPG.
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Merino fleece experienced wild MPG movements across selling centres. While premiums for the 1618.5 µ categories were evaporating, this could partly be explained by differences in selection, storage location, or a realignment of price disparities between centres from previous weeks.
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Merino Fleece saw the northern markets open up to 30c clean dearer and continue that trend on Wednesday with the 18.5µ and coarser adding another 10-15c.
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