Wednesday, May 21, 2008

New Zealand Wool Price



The graph shows the prices of wool between 1980 and 2000.Overall, in 1987 the price reached to a peak.

The price of wool between 1980 and 1985 slightly increased then it gradually decreased from $2.10 to $1.20, then between 1988 and 1989 the price of wool shot up to a peak of $5.00 then it crashed to less then $3.00. There was a fluctuation from 1989 to 1994. Later on the price gradually increased to $4.70 in 1994. Then in 1996 the price of wool tailed off.

Overall, the graph shows that the prices crashed in 1986 and reached its highest peak in 1989. The overall trend was going up.




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