Friday, 11 December 2009

Prices responding to supply and demand

Strange but true. Thanks to Homepaddock we learn that
News release – South Island wool price movements reflect levels of supply

NZ Wool Services International Ltd reports prices at today’s South Island wool auction saw wool supply factors driving price movements, with prices of different types rising or falling depending on the quantity of wool available.
Who would have thought, prices depend on the supply available. Is this really news?

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