Wool auctions in Australia continued this week to advance price levels strongly. The Merino sector wools were once again the most sought after with good gains of 1.5 to 2% being commonplace. Crossbreds and cardings were not neglected by any means, as those wools placed a further 5 to 15ac upon their previous values. The AWEX EMI (eastern market indicator) increased 27ac/clean kg or 1.8% for the week to bring the closing level to 1533ac/clean kg. When measured in USD, the EMI rose 12usc to be 1159usc/clean kg. In both AUD and USD terms the market looks like seeing the season out at levels of almost 20% higher than 12 months ago.
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