Marty Moses
WOOL prices dropped by 4c/kg at Australian auction sales with the eastern market indicator settling at 1943c.
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Moses and Son principal, Marty Moses said 87.2 per cent of the 37,445 offering was cleared to the trade as the EMI posted its sixth successive weekly loss in Australian dollar terms, whilst the EMI in US terms posted a 1c rise this week.
AWEX market analyst, Lionel Plunket, says this six week accumulative EMI degradation has not been seen since 2012.
