Australian Wool Industries Secretariat Inc (AWIS) releases wool sale report for the week ending November 11.The Australian Wool Exchange (AWEX) Regional Indicators finished 0.5% lower, on average, at sales in Sydney, Melbourne and Fremantle this week when the US exchange rate fell by 1%.
The Eastern Market Indicator (EMI) at 1219¢ was 18.1% higher than in the same week last year; and the season average Eastern Market Indicator (EMI) of 1247¢ is 38.1% higher than the season average at the end of Week 19 last season.
Although down, the market performed well this week under the circumstances that developed in Italy during the week. The market eased. But, it performed better than global share markets, which eased by 2 to 3% on Thursday (and by 2.3% in Australia). Overall falls in the individual Micron Price Guides were generally small for the week and there were small gains among the broader Merinos.
Read entire post Micron Price Guides Drops @ Fibre2fashion
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