Concerns higher supplies could cause correction

By Bruce McLeish, Elders Wool
Updated October 28 2020 - 11:12am, first published October 26 2020 - 2:00pm
Australian wool prices had a near-record daily gain of 123 cents a kilogram last week, but higher supplies on offer may quash the recent market uptick.
Australian wool prices had a near-record daily gain of 123 cents a kilogram last week, but higher supplies on offer may quash the recent market uptick.

The wool market likes to break records and it came very close to a new one last week - with the jump in prices on Tuesday being the second biggest rise in the Eastern Market Indicator (EMI) recorded by the Australian Wool Exchange.

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