Ag News

The wool report for the week ending the 13th of October 2017

  • By: Farm Tender "Prime"
  • Oct 16, 2017

A second consecutive week of increased wool values resulted in all Merino micron categories making further gains this week, as the Eastern Market Indicator (EMI) improved a healthy 16 cents to finish at 1566 cents per kilogram clean.

With the Australian dollar trading steady at 78.19 US cents, the increases were mainly contained to the finer micron ranges, with the 16.5-19.5 micron range lifting by 23-50 cents clean.

While the 20-23 micron range also made ground, the increases were not as significant with rises of 2–13 cents clean.

A selection of better style wools expressing good strength assisted the trade demand, helping offset some of the poorer style types.

Merino skirtings followed a similar trend to the fleece categories, with the ...
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