The Australian wool market has recorded a strong overall upward movement in this series, with the AWEX Eastern Market Indicator closing the week 35 cents stronger at 1,139c/kg, the largest weekly rise since July 2023.
With only Melbourne and Fremantle operating on day one, individual Micron Price Guides (MPGs) for Merino fleece rose from 11 57 cents as the EMI increased by eight cents (although due to a sharp fall in the AUD, in USD terms it dropped by 15 US cents).
On the second day, all three centres were in operation and . . .
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