Woolgrowers start holding stocks as global fibre demand dries-up

By Alister Carr, Kareewool
Updated May 6 2020 - 1:40pm, first published 1:30pm
Growers are increasingly holding back wool from sale, but brokers warn keeping stocks for lengthy periods may not be a wise investment at this stage of the economic cycle.
Growers are increasingly holding back wool from sale, but brokers warn keeping stocks for lengthy periods may not be a wise investment at this stage of the economic cycle.

Wool values continue to deteriorate as we adjust to our new isolated lifestyles and remain in 'lockdown' mode - with some minor levels of relaxation to the rules about to be tested.

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