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AWI Commentary Wool prices lowered at this week’s Australian wool auctions. Subdued competition and lacklustre off shore demand were the key factors. Local traders backed off their intensity in purchasing and lowered risk, both in price and inventory as positive signals were not forthcoming from their overseas clients. It was left...
AWI Commentary The continuing influence that foreign exchange (forex) rates have on spot wool prices was highlighted again at this week’s Australian wool auctions. Markets traded to a firm-unchanged basis throughout the week. Just a few minor movements on individual type quotations occurred as most bid prices were being accepted at...
AWI Commentary This week’s Australian wool auctions were a rather static affair with minimal price movements recorded. With the Western Australian market at Fremantle not in operation, it was left to the two Eastern centres to provide the market direction from which provided a very firm result with the EMI remaining...
AWI Commentary The opening week of the “new season” Australian wool auctions was all about currency and volumes. The pent-up supply due to the three week recess was seen as a impediment to positive market outcomes, but far more relevant to wool pricing was the vastly improved and more expensive Australian...
