Australian wool market takes a drastic tumble dropping 59 cents

Kristen Frost
May 17 2019 - 5:30pm
Elders technical wool manager Craig Brennan said the industry is struggling with the number of fine wools entering the market.
Elders technical wool manager Craig Brennan said the industry is struggling with the number of fine wools entering the market.

Prices at this weeks' Australian wool auctions saw some drastic falls not seen for some time with the Eastern Market Indicator (EMI) falling 59 cents to close at 1893c per kilogram, clean.

Kristen Frost

Kristen Frost

National Sheep and Wool Writer

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