The AWEX EMI added 28c to close on 1550c at auction sales in Australia last week, according to Marty Moses from Moses and Son.
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The 38,217 bale offering was met with strong buyer competition which was supported in the 96.4 per cent clearance.
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.
