AUSTRALIA
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From Times Staff and Wire Reports
Wool Price Volatility Persists: The Australian wool price continues to be volatile, dropping 2% this week following a 12% surge last week. In its weekly report issued Friday, the Australian Wool Corp. said its national indicator for clean wool, the most widely watched index, fell 10 cents to 445 Australian cents, or $3.16 a kilogram. Australian wool prices have fallen to record lows this year on weak world demand and excess supply.
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