Wool market has a 3 week recess last 3 weeks of july each year market reopened about 5 to 8 % down depending on type and quality.
Wool market re opens with very subdued demand as US-China trade tensions dominate sentiment EMI -78 to 1676
A tad baffling though china still needs wool we supply not sure 80% of world needs.
Maybe just china making the market grind lower until there happy to buy again.
Wool is either partially processed here and sent to china or processed over there by either chines/aust owned wool mills or outright chinese owned mills.
Russia used to buy a fair chunk of woll say 20 yrs ago guess they dont got to war so often and dont need heavy coats
Wool market re opens with very subdued demand as US-China trade tensions dominate sentiment EMI -78 to 1676
A tad baffling though china still needs wool we supply not sure 80% of world needs.
Maybe just china making the market grind lower until there happy to buy again.
Wool is either partially processed here and sent to china or processed over there by either chines/aust owned wool mills or outright chinese owned mills.
Russia used to buy a fair chunk of woll say 20 yrs ago guess they dont got to war so often and dont need heavy coats
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