Plummeting wool market defies logic

By Bruce McLeish
August 19 2019 - 3:00pm
Last week saw a further 163 cents a kilogram wiped off the Eastern Market Indicator figure.
Last week saw a further 163 cents a kilogram wiped off the Eastern Market Indicator figure.

Another auction horribulus last week saw a further 163 cents a kilogram wiped off the Eastern Market Indicator (EMI) figure, with Wednesday seeing the largest single impact when the market dropped 6.7 per cent in a single day.

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