Wool growers securing forward trading contracts

Updated May 24 2016 - 1:25pm, first published 1:16pm

Wool companies were a flurry of activity last week when 168,000 kilograms of 19 and 21 micron wool was put under contract for the next 12 months.  The week set a new price record for forward trading when 1455c was paid for 19-micron fleece for July 2016 delivery. The 21-micron class peaked at 1395c, for May 2016 delivery. The week set a new price record for forward trading when 1455c was paid for 19-micron fleece for July 2016 delivery. 

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