Weekly Wool Prices

Week Ending 18 November (Week 20)

18 November 2016

The positive signals that emerged at the end of last week flowed through strongly to this week’s selling at the Australian wool auction markets. Price improvement was predominantly across all Merino types and gains of up to 45ac clean/kg were posted for the sale week. The crossbred section was erratic but also showed signs of an upward correction as levels recently lowered to those not seen for a few years. The Eastern Market Indicator (EMI) advanced by 24ac clean/kg to conclude the week almost 2% higher at 1314ac clean/kg.

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