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Mixed trends seen in Aussie wool market last week
01
Dec '14
The Aussie wool market dropped in the Eastern and Southern regions, stayed flat in the North and rose in the Western region in the last week ending Nov 29th.

The AWEX Eastern Market Indicator (EMI) decreased by 3¢ or 0.3 per cent from its previous week ending Nov 22nd, closing at 1047¢/kg.

The corresponding indicator in the North stayed flat and ended the reporting week at 1073¢/kg, while it too dipped in the South by 5¢ or 0.5 per cent and closed at 1036¢/kg.

However, the Western Indicator increased by 13¢ or 1.3 per cent ending at 1101¢/kg.

When looked at other currencies, the AWEX EMI went up by 8¢ in US dollar terms in comparison to last time.

In New Zealand, 32.5 to 35 micron fine crossbred quoted by Wool Testing Services rose higher by 2 per cent, while 33 and 35 micron was cheaper by 2.5 per cent.

Fibre2fashion News Desk - India

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