2013/14 AU Wool Season Ends
June 27, 2014

The Australian wool market closed the 2013/14 season on a slightly positive note, with the Australian Wool Exchange (AWEX) Eastern Market Indicator (EMI) recording a 1-cent rise to finish at 1022c/kg.

The lift, while small, arrested a three-week run of losses. However, when compared to the previous season, the EMI registered a 25-cent loss, the lowest closing figure since 2010 and the third consecutive season-on-season drop.

The last few weeks of the season, which runs July through June, has traditionally had smaller offerings given that volumes thin out.

This sale marked the end of the 2013/14 season, although two sale-weeks still remain before the annual three-week recess.

AWEX reports almost 40,000 bales are expected next week, the largest sale in seven weeks.

Reprinted in part from Farm Weekly