The Australian wool market consolidated this week, with very little change to buyers’ strategies. The AWEX EMI (Eastern Market Indicator) closed the week as it started, at 1023ac clean/kg (Australian cents).
The better tested Merino types continue to be well sought, and prices are creeping slightly higher for types finer than 18.5 micron and drifting slightly lower for the broader end of the spectrum. The relatively large offerings of high POBm (position of mid-break) and calculated CVH (Co-efficient of Variation of Hauteur) sale lots remain at similar discounts which is quite a shame, as a lot of these wools are quite stylish and well grown, yet are only achieving prices slightly better than skirtings of a similar micron. These fleece types in the 17 to 21 micron range are showing a spread of approximately 45ac clean/kg.
Click here to access AWI's Wool Market Weekly Report (pdf 509Kb).