The price of wool has plummeted to its lowest level in six years.

The past week has seen 11.3 percent wiped off the value of the fibre, the biggest single week fall since 1991.

Since record highs in August 2018, the lead indicator is down 52 percent -- sitting at 1006 cents per kilogram.

Rural editor Eddie Summerfield caught up with Wool Exchange Market Analyst Lionel Plunkett:

Listen to the full interview above or Subscribe to the National Rural News podcast: http://bit.ly/RuralNewsPodcast

The price of wool has plummeted to its lowest level in six years.
The past week has seen 11.3 percent wiped off the value of the fibre, the biggest single week fall since 1991.
Since record highs in August 2018, the lead indicator is down 52 percent -- sitting at 1006 cents per kilogram.
Rural editor Eddie Summerfield caught up with Wool Exchange Market Analyst Lionel Plunkett:
Listen to the full interview above or Subscribe to the National Rural News podcast: http://bit.ly/RuralNewsPodcast

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.

Advertisement