2017 was a record breaker for the wool industry, with prices hitting a new high of 1,760 cents a kilogram on the Eastern Market Indicator in the final week of the year.

It equates to nearly a 30 percent price rise for the 12-month period, with more than $3 billion worth of wool sold.

Ahead of markets opening this week, rural reporter Eddie Summerfield caught up with Australian Wool Exchange Market Information Manager Lionel Plunkett.

2017 was a record breaker for the wool industry, with prices hitting a new high of 1,760 cents a kilogram on the Eastern Market Indicator in the final week of the year.
It equates to nearly a 30 percent price rise for the 12-month period, with more than $3 billion worth of wool sold.
Ahead of markets opening this week, rural reporter Eddie Summerfield caught up with Australian Wool Exchange Market Information Manager Lionel Plunkett.

The Rural News

The Rural News is market leader, dealing exclusively with stories of interest to the farming sector and has the support of Australia’s largest media business and international correspondents.

The Rural News is market leader, dealing exclusively with stories of interest to the farming sector and has the support of Australia&rsquo;s largest media business and international correspondents.