A momentous year for wool

By Rob Herrmann
January 14 2019 - 3:30pm
Eastern Market Indicator - While November had the EMI briefly below 1800¢, resistance to meet the market from wool producers produced a recovery which was maintained to the end of the selling year.
Eastern Market Indicator - While November had the EMI briefly below 1800¢, resistance to meet the market from wool producers produced a recovery which was maintained to the end of the selling year.

DESPITE its early bravery in October, the Eastern Market Indicator (EMI) was unable to sustain the heady 2,000¢ plus levels experienced through to the end of 2018. It eventually slipping 151¢ to finish 2018 at 1,862¢. In US$ terms it also retreated, dropping 115¢ to 1,346¢.

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