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Australian wool price plummets as China COVID lockdowns, Ukraine war, floods, inflation take toll

China United States Flood Inflation Covid-19 Ukraine New South Wales

Australian wool has dropped to its lowest price in more than a decade on the world market, leaving producers nervous about this year's clip.

This week the Eastern Market Indicator (EMI), the east coast wool price gauge, dropped 32 cents to $A12.24 a kilo, making it the lowest price in six years in Australian dollar terms.

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One subscription that gives you access to news from hundreds of sites

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