THE Australian Wool Exchange Eastern Market Indicator has closed at 2068c/kg which is back 48c on the previous week.
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Marty Moses
Moses and Son principal Marty Moses of Temora said the market opened in Sydney and Melbourne on Tuesday and the weaker trend was in play instantly with one of the first fleece catalogues passing in 35 per cent. “Buyers were grappling with a higher currency exchange and repenting for their over-zealous purchasing emotions from last week.”