AWEX EMI adds 28c to close at 1550c last week

The AWEX EMI added 28c to close on 1550c at auction sales in Australia last week, according to Marty Moses from Moses and Son.

The 38,217 bale offering was met with strong buyer competition which was supported in the 96.4 per cent clearance.

Marty Moses.

Marty Moses.

After week 14, Australia has sold 438,663 bales – 8.3 per cent more than this time last year. 

Forward prices into the autumn next year represent a hedging return per bale of $2200 for 19.0 microns and $1900 for 21.0 micron.