Small lift in EMI brings hopes wool has hit bottom

Vernon Graham
Updated May 20 2020 - 2:27pm, first published 10:00am
HANGING ON: The Australian wool market has taken a welcome but small price rise after a month-long nosedive which has sapped industry confidence.
HANGING ON: The Australian wool market has taken a welcome but small price rise after a month-long nosedive which has sapped industry confidence.

The benchmark Eastern Market Indicator crept up one cent to 1180c a kilogram clean during Tuesday's sale in Melbourne, raising more hopes the wool market may have hit rock bottom.

Vernon Graham

Vernon Graham

National machinery and property writer

Former editor of The Land, former Fairfax Media Agricultural Editor

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