New year and a potential new market cycle offer hope for lacklustre wool prices

By Bruce McLeish, Elders Wool
June 29 2020 - 3:00pm
As Australia's wool industry prepares for its annual auction recess after two more selling weeks, indications are that market conditions may remain challenging in the short-term but there is potential for improvement in 2021 if a cyclical price upturn eventuates.
As Australia's wool industry prepares for its annual auction recess after two more selling weeks, indications are that market conditions may remain challenging in the short-term but there is potential for improvement in 2021 if a cyclical price upturn eventuates.

Australian wool auctions wrapped-up for the financial year last week, but are not quite finished for the selling season - as there are two more sales to be held before the sector's annual three-week recess.

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