Australian wool prices to continue riding high in 2018

AUSTRALIAN wool growers should continue enjoying strong prices in 2018, according to Rural Bank’s Australian Wool Annual Review.

As market fundamentals further boost the sector, 2018 is already a record-breaking year for prices, as the Eastern Market Indicator reached 1830 cents per kilogram in early March.

It was a bumper year in 2017, as exports rose to $3.65billion and export volumes increased by six per cent.

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