Fed: Wool price recovery hits two year high

AAP General News (Australia)
04-07-2000
Fed: Wool price recovery hits two year high

Wool prices have ended the week at a two year high, with the wool recovery now lifting
prices by close to $1.00 a kilogram so far this year.

Wesfarmers/Dalgety says the Eastern Market Indicator has finished at a two year high,
up 31 cents for the week, closing at 713 cents a kilo clean.

And with the higher prices, pass-in rates are even lower this week with a pass-in rate
of only 6.6 per cent.

Prices have risen across the board, with the strongest rises again for the finer microns,
but in a major development, there are also strong grains for broader wools.

With next week's sales the last until May, wool sales are expected to finish on a high.

AAP RTV ss/mfh/rp

KEYWORD: WOOL (CANBERRA)

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