The Australian wool market eased slightly this week with prices falling one percent on average values, following a fortnight of strong gains, analysts said on Friday.
The AWEX Eastern Market Indicator (EMI) fell eight cents to finish the week at 790 cents a kg clean, based on decreases of six cents in the northern market (Sydney), and nine cents the southern market (Melbourne).
Their regional indicators ended the week at 794 and 787 cents a kg clean, respectively. In Fremantle, the Western Region Indicator slipped five cents to finish the week at 763 cents a kg clean.
"The market opened on a softer note on Wednesday as the US exchange rate climbed back over 70 cents," said Peter Morgan of the Australian Wool Industries Secretariat.
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