Australian wool producers are being told that exchange rate have driven systematic fluctuation in the price of their wool at auction. This paper presents some key findings of a major collaborative study on the effect of exchange rates on Australian wool prices with the Economic Research Centre...

Australian farmers have been warned of increases in wool auction price fluctuations since 2000 (Kingwell), yet 85% of producers continue to sell their wool on the highly volatile, open-cry auction system (Bolt 2004). It has been suggested that forward selling is one method available to farmers...