Weekly Market Report

Mark Dyson, Managing Director

Mark Dyson

EMI rises on reduced supplies

Reduced supplies on offer over the past fortnight resulted in further gains in wool values this week, with the Eastern Market Indicator (EMI) increasing by 28 cents for the week to finish at 1506 cents per kilogram, with passed in rates retreating to lower levels at 6.3 per cent.

Although there was some increase in the Australian dollar trading above 76 US cents, all the Merino micron categories showed good gains of 20-67c/kg, with the major increases in the 18–23 micron range and the medium wool types profiting most.

As with recent weeks, best style wools in the fleece and skirtings sections were well supported, with lower vegetable matter fault wools being well sought after.

Crossbred wools remained solid with rises of 8-10c/kg for the finer types, with the broader crossbreds trading at similar values to last week.

Little change in values was seen in the carding wool section, with most locks and crutchings trading at last week’s levels.

Next week’s national offering reduces to 24,376 bales, with Melbourne hosting 14,428 bales and no sale operating from Fremantle.