The Australian wool market has closed lower again in Week 39, the third successive week of losses, as the AWEX Eastern Market Indicator (EMI) dropped 10 cents overall to finish at 1,142c/kg.
The major downward impact on the market was felt in the fine Merino fleece types, as the individual Micron Price Guides (MPGs) for 18.5 micron and finer, fell by 20 61 cents.
There was noticeable buyer interest in wool measuring between 19.5 21.0 micron resulting in the downward movement in the MPGs in this range being less severe . . .
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