Australian wool auction markets continued under a very cautious sentiment from buyers this week, as financial restraints appeared to restrict some normal operational activities. A slightly weaker Australian dollar against the USD failed to impact positively on the market, nor did the smaller offerings. Whilst pockets of small rises were taken in Melbourne within the super fine Merino and fine crossbreds categories and in Sydney on some areas of the Crossbred selection. All other sectors saw prices drift away to lower levels. As a result, the EMI (Eastern Market Indicator) fell away by 3ac/clean kg to finish the week at a level of 1085ac/clean kg.
Click here to access AWI's Wool Market Weekly Report (pdf 610Kb).