Related Keywords: Eastern Market indicator, wool, wool price
The wool recorded six consecutive weekly gains from early November until the Christmas recess. In the first week of wool auctions this year, the Eastern Market Indicatore (EMI) has held its ground at around 1130 cents/kg. This was despite a strong offering of 53,000 bales said National Australia Bank’s Head of Agribusiness for South Australia and Western Australia, Matt O’Dea.
In the Eastern Market Indicator (EMI) five per cent rise in wool prices is tipped for 2013-14.
