Wool prices went down significantly during the first half of this last fortnight in Australia and South Africa, over larger offer than usual and higher commodity currencies. Wool prices remained stable during the second half of this last fortnight in Australia. Wool prices are still expected to be supported by relatively tight supply this year. Chinese buyers were on vacation, in line with celebrations of New Lunar Year. Prices may therefore be expected to rise in the next week, as more demand will return back to the markets.