Prices rise after the Easter recess
Prices have risen again after the Easter recess with the EMI up 39¢ to 1825¢. This price rises comes after an increased bale offering up 8513 to 44,765 – a 23.5% increase compared to the previous sale, which also recorded significant price rises. All in, these rises have brought the EMI to its highest level […]
Supply and Pricing lower again
The Eastern Market Indicator (EMI) fell for the second week in a row this week despite a week on week decline in supply. The EMI finished the week at 1724c which was 27c lower than last week. Bales offered fell from 42,278 last week to 39,673 this week. The lower bale offering gave some respite […]
Prices correct with another strong offering
After a strong run, this week saw some correction in pricing across all sale centres, sending the EMI down 32¢ to 1751¢. For the second week in a row the offering was above 42,000. Strong supply and uncertain economic conditions impacted buyer sentiment this week which saw pass in rates reach 13.5%. Local market indicators […]
Higher supply raises pass in rates
The Australian wool market saw a modest rise this week with the Eastern Market Indicator (EMI) increasing 16¢ to 1783¢, driven primarily by a increased offering. Sentiment remains strong, as price improved despite an uptick in the pass in rate to 7.2% and a rising aussie dollar to 0.71USc, factors that can potentially push prices […]
Return to normal volumes boost prices
The Wool market rose again this week by 51¢ taking the EMI to 1767¢. Supply this week was lower after the previous weeks return sale from Lunar new year break. The result was significant price improvement across the board as buyers scrambled to secure stock and pass in rates dropped dramatically to just 2.1%. This […]