EMI rises by 95 cents

October 16 2020 - 12:00pm
Wool continues to rise, but industry specialists fear wool coming out of storage will see quantity increase beyond levels that buyers can currently handle.
Wool continues to rise, but industry specialists fear wool coming out of storage will see quantity increase beyond levels that buyers can currently handle.

The upwards trend continued this week for the Australian wool market off the back of strong demand for all types leading to a large increase in the Eastern Market Indicator (EMI) of 95 cents to close the week out at 1117 cents per kilogram, clean.

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