Wool Prices drop in Australian dollar terms, but up in U.S. dollar
May 19, 2017
The benchmark Eastern Market Indicator dropped another 12 cents to close the week at 1522 Australian cents per kilo. Although the EMI recorded losses, it actually recorded a rise in U.S. dollar terms, an 8-cent lift in fact, due to the fall in the Australian dollar. Week 46 saw 35,020 offered to the trade in Sydney, Melbourne and Fremantle and each market performed a little differently to the others.