Fashion
Currency shift drives Australian wool fall despite firm exports
Australia’s wool market eased in AUD terms this week, driven mainly by currency strength rather than weaker demand.
The EMI fell to 1,665 ac/kg, but USD prices rose, with the EMI reaching its highest level since July 2019.
Merino prices softened, cardings firmed, and clearance rates stayed healthy.
A strong offering of 40,480 bales is due next week.
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