A very notable change in fortune for Australian wool markets this week, as every wool type and description on offer recorded good to extraordinary gains. A combination of positive factors led to the renewed confidence, that brought strong competition into the auction rooms from numerous buyers. As a result, the EMI (Eastern Market Indicator) bounced by almost 2% or a rise of 19ac/clean kg to conclude the week at 1070ac/clean kg. This level has not been attained since February of last year.
Click here to access AWI's Wool Market Weekly Report (pdf 560Kb).