Prices Fall in Final Week of Record-Setting Season
June 30, 2017
The 2016-17 season came to a close this week and although the year finished with losses, it really was a season of highs. The benchmark AWEX Eastern Market Indicator finished the season at 1507 cents, 210 cents higher (+16.2 percent) than the close of the previous season. It is the highest season ending level on record.
The average during the 12 months for EMI was 1401 cents, 147 cents higher (+11.7 percent) than 2015-16. It was the fourth consecutive year where the average of the EMI increased in value, and the eighth increase in the past decade. Record prices were achieved for some microns, most recently 22 micron, which achieved this feat only two weeks ago.
Skirting prices generally managed increases for the week, in particular 19.0 micron and coarser, which managed rises of up to 30 cents. The crossbred market experienced mixed results, prices for 26.0 to 28.0 fell, while 30.0 micron and coarser managed to record increases for the week.