Australian wool auctions continued this week on a similar basis to the prevailing market trends. The Merino fleece sector is experiencing very mixed results under the large volumes of hard to place wool types, but all other market segments are relatively stable. The EMI (eastern market indicator) finished the series at 1036ac clean/kg, a modest reduction of 8ac clean/kg. Lower auction price levels for high pobm (position of break middle) merino fleece types and merino skirtings were once again the major factors in the drifting EMI.
Click here to access AWI's Wool Market Weekly Report (pdf 594Kb).