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Despite the appreciation of the Australian dollar, the sales price of export wools continued to rise. Since June, the price of export wool has risen by 11%.
The demand for wool is increasing. The high export rate has not affected the international buyers' competition for such natural fibers.
Traditional buyers have reduced their activity because our wool prices have risen, but wool has a low supply rate in the manufacturing process and international industry needs more wool.
Ben Richfield said the market signal is good because demand continues.