Australian wool auctions continued in a largely positive direction this week, although an upsurge in the Australian dollar at the end of the week appeared to put a cap on the upswing of the past few weeks.
All types and descriptions on offer managed to hold near to the established quotations or improve in a lot of cases. An exception was the offering in the medium ( 21 to 24 micron) Merino fleece sector which saw a retraction in levels. The EMI (Eastern Market Indicator) added a cent during the course of selling to finish the week at 1092ac/clean kg, a figure which is approaching 6% better than at the same time period of last year.
Click here to access AWI's Wool Market Weekly Report (pdf 519Kb).