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ANALYSIS: Late strength in Aussie wool market offsets early falls

Updated: 2011-11-25 Source: ei.wtin.com

For much of the week, Australian wool prices remained on a downward track, as they have done throughout November. However, somewhat against local trade expectations, a firmer market emerged today on the back of a notable upturn in demand, offsetting (in local currency terms at least) declines witnessed during the first two sales of this week.