The Australian wool market has recorded an overall loss for the fourth straight week, with the AWEX Eastern Market Indicator (EMI) falling 27 cents to close the week at 1,279c/kg.
While previous weeks saw most of the losses felt in the finer Merino fleece types, the falls were across all types and descriptions in this instance.
Individual Micron Price Guides (MPGs) for Merino fleece dropped 7 90 cents, the only exception being the 20 micron MPG in Melbourne which recorded no change.
Buyer sentiment in the crossbred sector was also low . . .
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