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Wool market buoyant as prices ascend
14
Mar '09
The good news just does not seem to stop for the wool industry in Australia. In the just concluding the wool markets closed higher, compared to the closing in the previous week.

The northern market indicator was up by 19 cents a Kg, with the finer micron of wool closing up to 50-80 cents higher than last weeks closing.

Experts attribute this increase to a renewed buying activity form countries like China and Italy, though the quantities and volumes traded are not so high.


Fibre2fashion News Desk - India

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