Wool prices sta­bilise with the EMI ris­ing 6c/kg

Central and North Rural Weekly - - DROUGHT -

PRICE rises in the north sta­bilised on the fi­nal day of sell­ing last week, with the East­ern Mar­ket Indicator clos­ing at 2094c/kg.

The benchmark indicator gained 6c/kg on the pre­vi­ous week, with less than 3 per cent of bales passed in.

Elders na­tional wool sell­ing cen­tre man­ager Si­mon Ho­gan said the big dif­fer­ences in the mar­ket could be seen in the su­perfine range.

“The stars for the week were the 16–17 mi­cron ranges,” Mr Ho­gan said.

“We saw strong gains for the finer wools, but then we saw a high pass-in rate for some of those types,” he said.

In the south, the 17 mi­cron indicator rose 41c/kg to fin­ish at 2944c/kg and in Sydney it fin­ished 19c/kg higher, at 3008c/kg.

In Mel­bourne, the 18-mi­cron indicator gained 36c/kg to end at 2652c/kg.

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