The Australian wool market has opened the 2024/24 wool selling season with an overall loss of 17 cents to the AWEX Eastern Market Indicator (EMI), closing at 1,125c/kg.
With a relatively low first up total of 34,231 bales available, the bulk of the losses were felt on the first day of selling, particularly in the fleece which was reflected in individual Micron Price Guides (MPGs) in this sector dropping by up to 38 cents nationally.
The other three sectors also recorded overall negative results, as the EMI fell by 13 cents . . .
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