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Wool boom

Rural News

The wool industry is riding high this year, with strong demand from China surging prices to record levels.

The Eastern Market Indicator reached records at more than 1,800 cents per kilogram in January, and closed last week at 1,772.

Rural reporter Eddie Summerfield caught up with Australian Wool Exchange Market Analyst Lionel Plunkett ahead of this week’s Easter Recess.

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