Records continued to tumble at wool auctions last week, with the Eastern Market Indicator (EMI) climbing 112 cents across two selling days.
The rise followed the previous week’s 109 cent surge and was the fifth largest weekly gain since AWEX began reporting.
The rally has now stretched to 11 straight weeks the longest since 1987 lifting the EMI by 358 cents, the largest unbroken increase since 1979.
Finer microns again drew the strongest competition, with buyers narrowing discounts to secure volume.
Premiums remained for non mulesed and integrity scheme certified . . .
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