THE Australian wool market has dipped this week, with the AWEX Eastern Market Indicator (EMI) falling by 26 cents to close at 1,374c/kg.
This week’s national quantity of 57,196 bales was the largest offering in almost three years, and included more than 5,000 bales sourced from Tasmania as part of a designated Tasmanian feature sale.
The market took a lead from the closing day in the previous week, where there was a three cent dip in the EMI.
Prices were noticeably cheaper from the outset on Tuesday and . . .
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