THE Australian wool market is limping toward the end of the 2022/23 season, recording another overall loss to the AWEX Eastern Market Indicator (EMI) of 35 cents to close at 1,139c/kg, in what was the seventh consecutive week of losses.
With no Fremantle sale again this week the national quantity fell to just 28,484 bales, the smallest sale since September.
Buyer sentiment was again weak from the outset, which translated into price reductions across all Merino fleece types.
On the first day the market opened lower and then progressively . . .
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