Comment

Demand continued to ease this week in a slightly larger, poor quality offering. The offering consisting of mainly low yielding and tender wools caused the market to fall as demand for these types lessens. The better style and specification wools are still well supported with the select better types being highly sought after. For the third consecutive week the crossbred market has closed dearer as buyers look to buy the cheaper wool and limit any risk in the falling market. This increase meant that the EMI fell by only 0.2% for the week.