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Wool Highlights from 01-15, Nov 2009

Wool prices went up during the first half of this last fortnight in China, Australia, South Africa and New Zealand. The market kicked back quickly from last time’s correction, with increases across all micron ranges. Wool prices continued rising in US$ terms, mainly due to a new fall in the American currency. Lower supply and a new decline in the USD may further boost wool prices in the remaining of the year. Buyers for China were dominant, followed by buyers for India and a limited presence by buyers for Europe.

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