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Price declines at Australian wool auctions largely stabilised this week, buoyed by renewed confidence from China’s two largest Merino top makers. Together, they purchased over 38 per cent of the total sold Merino fleece offering, signalling a potential market reset after weeks of subdued activity. W
SYDNEY - Australian Wool Innovation (AWI) is to trial the use of transparency platform Everledger's blockchain technology to trace the chain of custody of wool from farm to consumer.AWI says the collaboration aims to capture and make visible secure information about wool provenance and its supply ch
The Eastern Market Indicator (EMI) appreciated by 4.7 per cent this week to close at 1198ac clean/kg, a 54ac gain. In USD the gains were more impressive as the stronger AUD v USD forex rate (+0.9%) contributed to a higher percentage gain of 5.7 per cent or 48usc to 892usc clean/kg. This week’s closi
Expectations were of a wool market that would be ravaged by the turmoil caused in China due to the growing coronavirus outbreak. But surprisingly, almost all wool types and descriptions appreciated in value at the Australian wool auctions this week, thanks to strong European interest and a tenacious
