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Week 09 – September 2022

Admin2022-09-12T18:45:17+00:00

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...

EMI drops 12 cents

Admin2022-09-07T17:10:49+00:00

After two weeks of being unchanged overall, the Australian wool market fell this week with the AWEX Eastern Market Indicator (EMI) dropping 12 cents to close at 1,330c/kg. Although a smaller offering of 35,538 bales attracted strong demand, it was apparent from the opening lot that prices were below last week’s...