Influenced by falls in the Merino fleece sector, the Australian wool market has recorded another overall loss with the Eastern Market Indicator (EMI) closing this week 11 cents lower at 1,087c/kg.
In the Merino fleece, reductions in the individual Micron Price Guides (MPGs) ranged between 4-40 cents.
The EMI dropped two cents on the first selling day and then nine cents on the second, with these movements marking nine consecutive selling days of single digit movement.
In an all too familiar pattern, due to currency fluctuations when viewed in US . . .
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