The depreciation of price slowed down at the Australian wool auctions this week assisted by far less volume put up for sale. The eastern market indicator (EMI) fell by 1.7 per cent to 929ac cln/kg and the USD EMI lost more by falling to 669usc cln/kg, a 2.5 per cent decline. However, clearance rate
Expectations were of a wool market that would be ravaged by the turmoil caused in China due to the growing coronavirus outbreak. But surprisingly, almost all wool types and descriptions appreciated in value at the Australian wool auctions this week, thanks to strong European interest and a tenacious
The growing concerns of the viral outbreak, coronavirus, in China, along with the Lunar New Year adversely affected Australian wool auctions this week. As more news of the virus was made public, the less confidence buyers had about getting orders from China to operate at auction for the opening, acc