Weekly Wool Prices

Week Ending 13 May (Week 46)

13 May 2016

Whilst the local Australian wool auction markets produced favourable results to the wool grower this week, the extent of the rise generally failed to match expectations. Exchange rate fluctuations produced a 2.2% positive for the week, but the market itself reacted to gain just 1.5% of this potential gain. The market barometer, the EMI (Eastern Market Indicator), gained 19ac/clean kg for the week to conclude at 1287ac/clean kg, an indicator seemingly held back by the relatively weaker rises of the 19.5 to 23 micron types. The EMI when expressed in USD remains significantly stable around similar levels, but this week saw the EMI in USD slip back a few cents to 945usc/clean kg.

Click here to access AWI's Wool Weekly Market Report (PDF 629KB)