Weekly Wool Prices

Week Ending 9 September (Week 10)

9 September 2016

This weeks Australian wool auction sale results were strongly influenced by the very strong lift in the Australian dollar (AUD). The AUD appreciated by 1.2% to 2.12% from the close of last weeks selling to the opening of this week against all of the major currencies used in wool trading. Significantly the highest move at 2.12% was in the major market determining factor of the AUD v USD. Most prices were lower, with the Merino fleece broader than 19.5 micron and crossbred types broader than 28 micron bearing the most severe of losses. The EMI (Eastern Market Indicator) dropped 15ac/clean kg to 1305ac whilst the EMI expressed in USD actually gained 10usc to close the week at 1005 usc/clean kg.

Click here to access AWI's Wool Weekly Market Report (PDF 700KB)