Australian wool auctions recorded another strong week, with most Merino wools up 2 per cent and crossbred types surging 6 per cent on strong competition.
The Eastern Market Indicator rose 2.4 per cent, reaching its highest close since May 2023.
Traders noted improving sentiment and highlighted tightening supply as mills lag behind in purchasing.
Just over 28,000 bales are scheduled for sale next week.