(Bloomberg) -- Wool prices in Australia, the
world's biggest producer and exporter of the fiber, fell to
their lowest in more than six months after China's government
stopped taking applications for imports.
Benchmark prices fell 33 cents, or 3.6 percent, to A$8.96 a
kilogram ($7.71) today on the Eastern Market Indicator, David
Cother, wool services manager at the Australian Wool Exchange,
said from Sydney. That's the lowest since Jan. 10. Sales resumed
today after a three-week Southern Hemisphere winter recess.
Read more at Bloomberg Commodities News
world's biggest producer and exporter of the fiber, fell to
their lowest in more than six months after China's government
stopped taking applications for imports.
Benchmark prices fell 33 cents, or 3.6 percent, to A$8.96 a
kilogram ($7.71) today on the Eastern Market Indicator, David
Cother, wool services manager at the Australian Wool Exchange,
said from Sydney. That's the lowest since Jan. 10. Sales resumed
today after a three-week Southern Hemisphere winter recess.
Read more at Bloomberg Commodities News
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