en.Wedoany.com Reported - This week, the Eastern Market Indicator (EMI) rose by 15 Australian cents (+0.8%) in AUD terms, closing at 19.79 AUD per kilogram of clean wool, the highest level since 2018; however, due to exchange rate effects, it fell to 13.85 USD in USD terms. The depreciation of the Australian dollar against the US dollar actually boosted export demand. On the supply side, only 3.3% of lots remained unsold, indicating that producers are satisfied with prices.

This week, Australian wool trading averaged 13.85 USD per kilogram of clean wool at the end of the week, down from 14.07 USD last week (June 1-5), a decrease of 1.6%. The Uruguayan Wool Secretariat (SUL) noted that benchmark indicators and prices for various micron levels all declined in USD terms.

When analyzing the trend of indicators in AUD terms, SUL emphasized that the EMI (19.79 AUD) reached its highest level since October 2018, now just 21 Australian cents away from the 20 AUD mark. Regarding sales, only 3.3% of the offered lots remained unsold this week. SUL analysts explicitly stated that this figure indicates producers are satisfied with current prices. With most wool finding buyers, the backlog of goods awaiting return to the market is shrinking, which helps explain the decline in supply in recent weeks.

Next week's sales will take place on Tuesday, the 16th, and Wednesday, the 17th, in Sydney and Melbourne; no sales in Fremantle. The expected supply is 21,720 bales.

In the local market, SUL reported only one transaction of Merino Dohne wool: 2,000 kilograms, scoured and sorted, with a green tag. Average micron 20.0, washing yield 78.5%. The sale price was 8.50 USD for the fleece and 1.00 USD for by-products. Payment terms: 30 days.

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