Market slides

Last week the wool market took another backwards step. This was not unexpected, as reports of little business being conducted with overseas mills and/or at prices lower than that of current levels.

The Australian dollar to US dollar fell from 67.9 cents to 67.6c.

The AWEX Eastern Market Indicator lost 16 cents a kilogram and then 9c/kg on Wednesday and Thursday respectively to close off at 1530c/kg.