CURRENCY movements have had a dramatic effect on the Australian wool market this week, as the AWEX Eastern Market Indicator (EMI) dropped 26 cents to close at 1,284c/kg.
The Australian dollar rose by 0.89 cents against the US dollar since the close of the previous sale, meaning that in real terms buyer purchases became more expensive.
Despite this, the market in the Eastern centres opened solidly, particularly fleece wool carrying less than 1.0 per cent vm.
However as the sale progressed, the market eased and by the end of . . .
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