Weekly Wool Prices

Week Ending 20 May (Week 47)

20 May 2016

Australian wool auction markets traded the week at levels very similar to the quotes established the week before. Only slight variations occurred throughout the entire Merino fleece offering, whilst some larger and more positive moves were seen on cardings and crossbred types. The flat to weaker forex scenario remains in play, with the foreign exchange rate fluctuations producing a flat Euro but a 1.9% positive in USD terms for the week. The wool market itself failed to flatter to gain just 0.3% of this potential gain. The EMI (Eastern Market Indicator) gained 4ac/clean kg for the week to conclude at 1291ac/clean kg, a level of 4% better than at the same stage 12 months prior. The EMI in USD slipped 15usc further into the favour of overseas users to 929usc/clean kg.

Click here to access AWI's Wool Weekly Market Report (PDF 624KB)