Weekly Wool Prices

Week Ending 27 May (Week 48)

27 May 2016

Australian wool auction markets remained generally unchanged to slightly dearer this week. The only significant price changes occurred in the Melbourne centre’s Merino sector and across all of the crossbred and carding types in both centres operating. Levels appreciated by 10 to 20ac/clean kg in those areas, but an obvious strengthening of all wool prices nationally was seen very late on Thursday as fresh enquiry and sales were made to China for relatively prompt shipments. The EMI (Eastern Market Indicator) gained 6ac/clean kg for the week to conclude at 1297ac/clean kg. Encouragingly, the EMI in USD also managed a 7usc gain to 936usc/clean kg, despite a slightly stronger USD v AUD exchange rate. 

Click here to access AWI's Wool Weekly Market Report (PDF 606KB)