Another loss for wool market before Easter

Marty Moses

Marty Moses

Wool prices were down 7c at auction sales in Australia this week.

This week's negative EMI result was the 7th successive week of slight price falls which now total 91c, or just 4.4%.

The positive news was a noticeably increase in buyer activity on these lots this week in Sydney.

There will be a one-week Easter recess before sales resume per normal.

The main topic with clients has been rain while the Bureau of Meteorology elevated their chance of El Nino to 70 per cent.