Weekly Wool Prices

Week Ending 4 November (Week 18)

4 November 2016

Following a few weeks of the Australian Wool market consolidating, a large offering and stronger dollar conspired to send all prices to a negative trend. It was not so much that the market was in distress, but simply that the extra quantity of this week and the rostered volume to sell over the coming weeks released the pressure valve on buyers, both locally and overseas. General losses of around 25 to 30ac were recorded across all wool types and descriptions. The Eastern Market Indicator (EMI) eased 15ac then 13ac on the daily basis to close at 1303ac/clean kg, a weekly deduction of 28ac/clean kg.

Click here to access AWI's Wool Weekly Market Report (PDF 649KB)