news, features, articles and disease information for the sheep industry

All the latest news forSheep | Goats | Llamas | Alpaca


Vigorous Buyers in Australian Wool Market

22 April 2015

AUSTRALIA – Wool markets reopened after the Easter break last week with the most vigorous buying seen for “quite some time”, reports Australia Wool Innovation (AWI).

Merino prices lifted 30 to 50 cents per clean kilo, pushed higher by buyers attacking all offerings with vigour from the outset, while crossbred wool was more restrained, lifting 5 to 10 cents.

The Eastern Market Indicator stepped 24 cents higher, finishing on 1130 cents per clean kilo, higher still when considering currency fluctuations.

The AWI said: “Whilst the EMI in Australian dollar terms rose by over 2 per cent for the week, more significantly, the EMI strengthened between 3.5 per cent to 4.5 per cent when expressed in the major trading currencies.

“The Euro users were most affected, with the market finishing a general 4.6 per cent higher for the week for those buying in Euro.”

TheSheepSite News Desk