News Tags

Related Keywords: Australian wool industry, wool market, wool price

Wool market likely to improve at least by 5 percent in the eastern market indicator for the 2013-14 period as per the National Australia Bank projection.

The National Australia bank's latest outlook for wool is based on the market's strong performance late last year, the softening of the Australian dollar and an expected drop in wool supplies over the next few months

Head of NAB agribusiness for South and Western Australia, Matt O'Dea says the EMI should average just below 1100 cents per kilogram.

The value of wool exports have been falling since their peak in 2011

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.

Related Keywords: fine wool, market reopens, wool, wool price

Wool prices to see slow and steady upward trend in the year 2014 with the market reopens today. The eastern market indicator was at 1134 cents when the market closed for a three-week break in December.

According to Andrew Partridge, from Fox and Lillie, the wool prices will steadily increase throughout the year with medium wool types making the biggest gains.

An average of 1100-1150 will perhaps be a pretty good, he said.

(The) 21 microns will almost certainly eye $13 but he thinks around that $12.50 mark, everyone should be reasonably happy.