THE Australian wool market fell by the smallest of margins last week, with a one cent drop in the AWEX Eastern Market Indicator (EMI) seeing the benchmark figure close at 1,209c/kg the fifth consecutive series of price decreases.
Although the EMI is now at its lowest point since January 2021, it’s worth noting that due to currency movements, when viewed in US dollar terms the EMI actually recorded a 22 US cent gain.
With no sale in the West resulting in a reduced national offering of 33,435 bales, the positive end . . .
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