Another week at Australian wool auctions whereby the ability of the market to hold firm in the face of usually adverse factors featured prominently. Whilst small reductions did occur on the Merino mid microns at both eastern sale centres, the auctions generally produced firm to better prices on the majority of the sellers offered types. The AWEX EMI (eastern market indicator) decreased by just 2 ac/clean kg to close out the last “half” of the season at 1522ac/clean kg, which is 16% higher or 211ac better than the close of 12 months ago. In USD terms, the EMI shot 15usc higher to 1173usc/clean kg as the stronger AUD failed to dampen the current strong demand. The EMI in USD closed at 1173usc/clean kg which is 175usc or 17.5% higher than last year.
Click here to access AWI's Wool Weekly Market Report (PDF 869 KB)