Positive movements across all type categories featured at Australian wool auction markets. The AWEX EMI (eastern market indicator) increased 28ac/clean kg or 1.9% for the week to break through the 1500c barrier once again and closed at 1506ac/clean kg. This level is almost 18% higher or 227ac more, year on year. The EMI when measured in USD outstripped the AUD gains this week and rose 2.8% or 31usc to 1147usc/clean kg. At this level we are 200usc higher than 12 months prior and that is well over 20% higher in USD terms which is significant given the world largely buys wool in this currency.
Click here to access AWI's Wool Weekly Market Report (PDF 601 KB)