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Optimism wool prices have bottomed out

There’s growing optimism the price of wool has bottomed out, after collapsing because of the coronavirus pandemic.

Since the Chinese New Year, the price shed 46 percent.

But the eastern market indicator has rallied, having growth in five of the past six weeks.

Rural editor Eddie Summerfield caught up with Australian Wool Exchange Market Analyst Lionel Plunkett.

Listen to the full interview above or Subscribe to the National Rural News podcast: http://bit.ly/RuralNewsPodcast

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