Th National Council of Wool Selling Brokers of Australia has marked its centenary with celebrations in Melbourne.
The wool market didn't lose any ground today despite lingering worries about the coronavirus in China, our main buyer.
At the end of the week, the market, as measured by the AWEX Eastern Market Indicator, dropped 10 cents a kilogram.
The wool market lost a little ground this week as the trade waits anxiously for China to contain an outbreak of coronavirus.
Australian Wool Innovation says the growth of online selling of clothes is an opportunity for Merino wool.
Last week saw the wool market in Australia shrug off concerns over the coronavirus and get down to business working on refilling the pipeline.
The wool market has ended the week on a positive note with the Eastern Market Indicator rising another 21 cents a kilogram clean.