Improving purchasing interest from global wool users has seen the Australian wool auction sales produce another startling good result for grower sellers this week.
Sale results registered by the close of selling were remarkably similar to last weeks series, with all types and descriptions on offer under heavy buying demand and appreciating in price daily.
The Merino sector attracted the severest of the competition and reaped the best of the price rises. The EMI (Eastern Market Indicator) recorded a 2% gain in value to finish the selling week at a level of 1153ac/clean kg, up 23ac/clean kg.
This figure represents a three-year high as the EMI has not been over 1150ac/clean kg since April 2012.
Click here to access AWI's Wool Market Weekly Report (pdf 343Kb).