| 

Australian wool prices drop 12% in 6 months, show signs of recovery

According to *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">Fibre2Fashion&#**;s market insight tool TexPro, wool of ** micron opened at $**.** per kg in the first week of the current year in the northern Australian market, Sydney. This was more than one per cent down from the price of $**.** per kg in the last week of December ****. It further dipped in the next quarter, with prices coming down to $*.** per kg in the first week of April ****. However, it improved to $** per kg in the last week of May ****.

Wool prices of the same micron were noted at $**.** per kg in the last week of **** in the southern Australian market, Melbourne. The price came down to $**.** per kg in the first week of January ****. Wool prices further eased to $*.** per kg in the first week of April this year. However, they recovered to $**.** per kg in the last week of May.