Industry News

Industry News

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.

National Council of Wool Selling Brokers of Australia

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