Wool prices to move gradually up in 2014 as market reopens

YarnsandFibers News Bureau 2014-01-07 00:00:00 – Victoria

Wool prices to see slow and steady upward trend in the year 2014 with the market reopens today. The eastern market indicator was at 1134 cents when the market closed for a three-week break in December.

According to Andrew Partridge, from Fox and Lillie, the wool prices will steadily increase throughout the year with medium wool types making the biggest gains.

An average of 1100-1150 will perhaps be a pretty good, he said.

(The) 21 microns will almost certainly eye $13 but he thinks around that $12.50 mark, everyone should be reasonably happy.

There will be a slow and steady sort of rise and from 2015, he expects to see a very good market moving ahead.

However the fine wool guys might be a bit dissatisfied as the cost of production is a bit tough for them.

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