Wool markets have closed the year nearly 6 percent higher on 12 months ago.

Prices hit record levels in the middle of the year as supply started to shrink because drought and demand remaining strong from overseas markets.

Rural reporter Eddie Summerfield caught up with Wool Exchange Market Analyst Lionel Plunkett.

Wool markets have closed the year nearly 6 percent higher on 12 months ago.
Prices hit record levels in the middle of the year as supply started to shrink because drought and demand remaining strong from overseas markets.
Rural reporter Eddie Summerfield caught up with Wool Exchange Market Analyst 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.