The Australian wool market has recorded an overall reduction this week for the third successive series, as the AWEX Eastern Market Indicator (EMI) lost 15 cents to close at 1,171c/kg.
With 32,899 bales offered, 4,858 bales less than the previous week, buyer demand was there from the opening but the prices they were prepared to pay were noticeably below those at the close of the previous week.
By the close of the first day, individual Micron Price Guides (MPGs) for Merino fleece had fallen up to 63 cents, with only the . . .
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