WOOL prices have skyrocketed by a whopping 70c/kg to reach a new four-year high.
Moses and Son principal, Marty Moses of Temora said the high prices were due to a lower currency price combined with falling supplies.
“Mainstream Chinese production gained the most ground this week with many categories jumping in excess of one dollar,” Mr Moses said.
Overall the Australian Wool Exchange Eastern (AWEX) Market Indicator added 70 cents to close at 1312c.
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