AU Wool Prices Remain Strong
May 13, 2016

Further losses in the Australian dollar continued to support the Australian wool market this week. The AUD lost ground for the third consecutive week, shedding 1.6 cents during this series and closing the week at 73.4 US cents. In USD, the Australian market indicator decreased $.03 US/pound while increasing $.09 in AUD terms.

The Australian Wool Exchange Eastern Market Indicator closed 19 cents higher at 1287 cents, only 17 cents shy of the seasonal high recorded in August. Increases were across all microns but the most scrutiny was in the 18 to 19-micron area.