The wool market has opened on a weaker note today, with the eastern market indicator slipping 7c/kg on day one of this week's three days of selling.
According to AWEX, the EMI closed at 852c/kg (clean) this afternoon, but vendors were expecting better with 16.8pc of the offering of 22,331 bales passed in.
Region by region the changes were:
* a fall of 5c/kg to 890c/kg in Sydney;
* a fall of 8c/kg to 821c/kg in Melbourne; and
* a loss of 10c/kg to 832c/kg in Perth where 24.8pc of the offering was passed in.
The losses were consistent across nearly all micron types, with only selected lines holding their value.
Email a friend