Wool Market Prices in Australia, South Africa and New Zealand

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12 December 2008 - Wool prices slightly rose in US$ terms this week, as a clear sign that the Australian market probably reached a bottom. Demand remained very firm with only two sessions remaining before the Christmas recess. China still needs filling its quotas while Australian growers partly retain their wool until prices start recovering. Prices also rose in South Africa while being mixed in New Zealand.

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