Marty Moses
WOOL prices decreased by 29c at auction sales with the Australian Wool Exchange Eastern Market Indicator (EMI) settling at 1979c/kg.
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Moses and Son principal, Marty Moses said the 1.4 per cent weekly fall attracted a 12.5 per cent pass in rate from the 40,785 bale offering. It was the third successive week where the EMI has posted small falls which is attributed to the increasing volume. Meanwhile, South African markets lost a further 3.5 per cent for the week.