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Slight plunge in wool prices witnessed with season taking off

Related Keywords: Australian wool exchange, Australian wool industry, circular knit wool, finest fiber count, Merino and courser fibers, Nanjing Wool Market Conference, wool price

Wool prices after ending the last selling season continued to remained in a slow, steady declining trend, though with a slight rebound was seen during the last week of the month, according to the Australian Wool Exchange.

The Eastern Market Index ended the month of September, the second in the 2014-2015 selling season, at $4.15 per pound, down $0.10 in the month (2 percent) and about 4 percent season-to-date. During the last week, however, prices increased by $0.06 per pound.

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