The Australian wool market has continued to trend higher, with the Eastern Market Indicator (EMI) finishing the week at 1,689c/kg, a gain of 41 cents.
Last week’s gains encouraged increased seller participation with 43,497 bales offered, the largest national catalogue since the corresponding sale last season (Week 30).
Despite the larger offering, buyer sentiment remained buoyant.
On the opening day, the market exceeded expectations to record further gains across all sectors.
All published Micron Price Guides (MPGs) rose, with Merino fleece types lifting by 16 - 42 cents . . .
Access to this content is available via a current Coonamble Times subscription.
Purchase single issue downloads of the Coonamble Times online editions for only $2.50 or become a subscriber for full access to online flip-books, archive downloads and the latest local news content.
For free content see our Featured Local News category