The season average Eastern Market Indicator (EMI) was 1254 Ac/kg in 2015/16, which is the highest season average ever recorded for the EMI, exceeding the previous record set in 1987/88 (this is on a like-for-like basis). The average greasy price at auction in 2015/16 was 792 Ac/kg, which was also the highest ever recorded. The season average micron price guides for wool 21 microns and broader were all records, as was the season average for Merino Cardings. Not all microns recorded season average records though, with the average price guides for 19.5 micron and finer being below the records set in 2010/11. Nevertheless, they were high compared with the vast majority of past seasons. It’s a different story in US$ terms, with all season average prices being well below the records seen in 2010/11 or 2011/12 when the A$ was at around 1US$.
Full details including an analysis of wool prices as at 15th July compared with historical levels in both A$ and US$ and charts for the EMI and a range of micron price guides are contained in this week's NCWSBA Weekly Newsletter. Available to NCWSBA members.