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Wool

After 8 weeks of consecutive rises in the wool market, producers responded with a large offering which resulted in a clearance to the trade of 44,800 bales.The opening sales in Melbourne followed the weak finish in Fremantle last week. However, by the close on Thursday,...

The drought is showing its effect especially in the northern selling centre (Sydney), where a very small offering of 7,500 bales last week met with strong competition. The south and western selling centres provided the bulk of the offering with 23,000 & 9,500 respectively, while the...