3-week Australian wool prices fall across sectors, with WMI down 11 cents/kg initially but recovering 5 cents/kg; currency fluctuations & wet weather contribute.
After a 3-week recess, wool prices in Australia fell across all sectors, with the Western Market Indicator (WMI) dropping 11 cents/kg initially but recovering 5 cents/kg by week's end. The EMI lost 11 cents/kg, closing at 1113c/kg. Currency fluctuations and wet weather played a role in the market movements. Next week, approximately 42,300 bales are set to be auctioned.
August 23, 2024
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