While Australian Merino wool prices pulled back in October and November, prices remain at historically high levels. It is interesting to update what has happened to prices in other countries over the past 12 months. There has been a strong ramp up in Merino wool prices since mid-2016 as the Merino price Supercycle took hold. The movements in prices for 28 micron wool have been more muted, but there has been a rising trend since mid-2016. In contrast, prices for broad wool from NZ and the UK (32 micron and broader) fell sharply from a peak in 2015-2016. While there have been some smaller ups and downs since mid-2017, prices are still languishing and showing no signs of a sustained recovery.
Further details including a chart showing the trends in wool prices in Australia, South Africa, New Zealand and the United Kingdom since 2012 are given in the 18th January 2019 edition of the NCWSBA Weekly Newsletter, available to NCWSBA members.