The Australian wool market has recorded another overall fall in this series, adding to the large losses experienced during last week’s sales.
The bulk of the reductions were felt on the first day, with movements in Merino fleece Micron Price Guides (MPGs) ranging from +11 cents to 31 cents as the Eastern Market Indicator (EMI) dropped 12 cents for the day.
This was the third successive daily double digit fall in the EMI, losing 35 cents across these three sales.
In a positive sign, Fremantle selling last posted a three cent rise . . .
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