After six selling days with consecutive rises, across which the AWEX Eastern Market Indicator (EMI) added 40 cents, the Australian wool market has been unable to maintain this upward trajectory, recording an overall fall this series driven by losses in the Merino fleece sector.
The EMI finished 10 cents lower to close the week at 1,160c/kg, with the softer market contributing to a passed in rate of 7.9 per cent, the largest in six weeks.
Individual Micron Price Guides (MPGs) for Merino fleece dropped by up to 38 cents, the only exception . . .
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