Australian wool EMI improves 4.7% this week

The Eastern Market Indicator (EMI) appreciated by 4.7 per cent this week to close at 1198ac clean/kg, a 54ac gain. In USD the gains were more impressive as the stronger AUD v USD forex rate (+0.9%) contributed to a higher percentage gain of 5.7 per cent or 48usc to 892usc clean/kg. This week’s closing USD EMI is at the highest point since early March 2020.