The Australian wool market has been unable to maintain the positive tone evident at the end of the previous series, recording losses this week, again heavily influenced by currency movement.
After the Australian dollar climbed above 66 US cents before the opening lot, losses were expected when the market opened and by the end of the first selling day, individual Micron Price Guides (MPGs) for Merino fleece had fallen up to 46 cents across the three selling centres.
With downward movement in the other sectors, the AWEX Eastern Market Indicator (EMI) was pushed down by . . .
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