The Australian wool market has finished 1.9pc lower after sales in Sydney, Melbourne and Fremantle this week, the last auctions before the three week Christmas break.
The AWEX eastern market indicator fell by 16¢/kg (-2.1pc), to end the week at 764¢/kg.
According to the Australian Wool Industries Secretariat, this was not helped by the US exchange rate appreciating by 6.5pc, due mainly to a 4.4pc rise on Wednesday in response to Federal Reserve lowering official interest rates in the United States to 0.0 to 0.25pc.
AWIS reports that there were falls in all markets this week.
The northern indicator lost 21¢/kg (-2.6pc) to now stand at 792c/kg; the southern indicator lost 12¢/kg (-1.6pc) to finish at 740¢/kg; and the western indicator fell by 12¢/kg (-1.6pc) to close the year at 733¢/kg (clean).
There were 44,527 bales were on offer, compared with 39,565 bales last week, of which 21.5pc were passed in.
Email a friend