Industry News

Industry News

The EMI is at the highest level in A$ since July 1991 on a like-for-like basis but none of the micron price guides are at the highest level. Only the Merino Carding Indicator is currently at the highest-ever level (although AWEX has only been reporting this series since July 2003). Nevertheless, the prices as at 17th February in A$ terms for the various Micron Price Guides for Merino wool were at the 90th percentile or better. Crossbred wool prices were below the 90th percentile. The current price levels in US$ terms are lower in percentile terms than are the A$ prices, but are still above the 70th percentile. The EMI in US$ at 17th February was around the 94th percentile. In other words, the current EMI is within the top 6% of prices since 1991 in US$.

Full details including a set of 14 charts showing the A$ and US$ price distributions for the EMI and Micron Price Guides for 18 micron, 19 micron, 21 micron, 23 micron and 28 micron wool, as well as for Merino Cardings is included in the NCWSBA Weekly Newsletter for the week ending 17th February 2017, available to NCWSBA members.

National Council of Wool Selling Brokers of Australia

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