THE Australian wool market returned from the mid year recess to record substantial losses, with the AWEX Eastern Market Indicator (EMI) falling by 45 cents to close 1,342c/kg.
With 55,363 bales on offer, buyers were very cautious in their purchases as the market opened, resulting in a price fall from the opening lot that continued as the day progressed.
By the end of the day, general losses in the Merino fleece types of 5 100 cents pushed individual Micron Price Guides (MPGs) down 5 98 cents, which combined with falls in all . . .
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