6th March 2017
While the Eastern Market Indicator is now at the highest level since June 1988 in nominal terms (on a like-for-like basis), what about in real terms (i.e. once inflation is considered)? Once inflation is taken into account, the EMI is well below the extraordinary peak seen in mid-1988. In fact, the EMI at 1500 c/kg in real terms is less than half the peak of 3470 c/kg recorded in April 1988. It is also only equal to the peak seen in 2011 and below the peak of 1676 c/kg in November 2002.
Full details including a chart showing the EMI since 1986 in nominal and real terms is included in the NCWSBA Weekly Newsletter for the week ending 3rd March 2017. Available to NCWSBA members.