Under a large volume of wool on offer, Australian wool auctions appeared to have found some renewed vigour across all types and descriptions this week. Whilst the price increases were not major, it was more the positive tone from exporters that was most pleasing. Initial concerns re the closing 3 weeks of sales offering over 150,000 bales were alleviated somewhat, as the 50,000 odd bales this week were competitively fought for. The EMI (eastern market indicator) reacted kindly to the improved market conditions and managed to put on a healthy 9ac clean/kg for the week, and posted a level of 1056 ac clean/kg by the close of the series.
Click here to access AWI's Wool Market Weekly Report (pdf 481Kb).