Internet Banking

News

Wool Annual Review 2018

Wool Annual Review 2018

Categories: Sheep & lambs, Commodities

Aussie wool to continue to ride high

This year's Australian Wool Annual Review has been released and forecasts that wool growers should continue to enjoy strong prices in 2018.

2017’s extraordinary streak is continuing with the Eastern Market Indicator (EMI) reaching a nominal all-time high in early March of 1830 c/kg, confirming that 2018 is already a record breaking year for wool prices.

The Review clearly indicates a trickle-down effect to farmers, with the average sheep farm cash income expected to be 35 per cent higher than the average for last financial year - a 20 year high.

> View the report

Source: Rural Bank

 

Disclaimer: Whilst all care has been taken in compiling the information, the information should not be relied upon as substitute for professional advice where necessary. Rural Bank Limited accepts no responsibility for the accuracy, completeness or timeliness of the information and disclaims all liability in relation to any loss or damage suffered by the use of or reliance upon any information contained herein or in any attachment or annexure hereto by any person. Rural Bank Limited ABN 74 083 938 416 AFSL 238042.