28/03/2022
28 March 2022 • The cracks in the market we have seen in recent sales grew wider last week. The blockages and delays in the pipeline causing grief with wool exporters scrambling to find space at dumps and on ships – the usual 7-10 days it takes from the fall of the hammer to shipment date, exporters are now looking at over a month, causing storage problems. We saw the market on the first day retreat by 20-40 cents with 18.5% passed in. The second day not so bad still a further 5-10 cents cheaper. The EMI lost 24 cents to finish at 1384c/kg clean – given the higher Aussie dollar this was not as bad as could have been. Here in Fremantle the Western Market Indicator fell 22 cents to finish the week at 1424c/kg clean. In the North, their regional Market Indicator fell 22 cents also, while in Melbourne their indicator fell 26 cents, with their corresponding market indicators finishing the week at 1477 and 1322c/kg clean respectively. The EMI in USD rose 7 cents to 1037usc per kg, showing the strength of the Chinese buying… head to our website and subscribe to receive the full report each week 🥸👊😃
