Although the downward slide was halted later in the series, the Australian wool market has once again recorded an overall loss in Week 33, as the AWEX Eastern Market Indicator (EMI) dropped six cents to close at 1,157c/kg.
Losses in fine Merino fleece types were felt from the outset, as individual Micron Price Guides (MPGs) for 18.5 micron and finer fell by up to 59 cents on day one, as the EMI dropped eight cents for the day (the twelfth consecutive selling day where the EMI hadn’t managed an increase).
The . . .
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