In what has been a remarkable turn of events, the EMI is now 1000c lower than it was in 2018. 28,029 bales were offered this week, almost twice as many as the week before.
After last week’s record-breaking price for first cross ewes, prices remained strong for this category selling from $296 to $436, averaging $364, down $1.
Peak woolgrower representative body, WoolProducers Australia has released a survey for woolgrowers to capture the impacts of COVID-19 on Australia’s wool growing businesses.
The wool market has continued down its negative path this week. Global uncertainly and further trade tensions with China have put pressure on market which continues to shed value.