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Beyond the Bale : June 2015
52 MARKET INTELLIGENCE This graph shows the rise in the Eastern Market Indicator (EMI) in $US over the past 24 years since the collapse of the Reserve Price Scheme. The average EMI for successive four year periods is highlighted in bold. The relative change in price and average price for polyester, acrylic and cotton are also provided as a comparison. The graph illustrates that in relative terms, the price of wool has increased over the 24 year period more than all the other illustrated fibres. The comparative rise in the price of wool has been notably large since AWI began investing funds in marketing eight years ago and especially in the most recent four year period. The graph also shows that the prices of all the illustrated fibres are affected by periodic volatility in the market and slowdowns/ upturns in the global economic climate. HEALTHY RISE IN PRICE OF WOOL COMPARED TO OTHER FIBRES 0 2 JAN92toAPR95 MAY95toAPR99 MAY99toAPR03 MAY03toAPR07 MAY07toAPR11 MAY11toAPR15 Source: PCI Fibres and AWEX 4 6 8 10 12 14 16 18 1 (A) 1 (P) 1 (C) 2 (A) 2 (C) 2 (P) 3 (A) 3 (P) 4 (A) 3 (C) 4 (C) 4 (P) WOOL (EMI) WOOL 4 YEAR AVERAGE COTTON COTTON 4 YEAR AVERAGE ACRYLIC ACRYLIC 4 YEAR AVERAGE US$/kg POLYESTER POLYESTER 4 YEAR AVERAGE MARKET INTELLIGENCE WOOL : COTTON WOOL : POLYESTER WOOL : ACRYLIC JAN92TOAPR95 3.28 3.38 2.74 MAY95TOAPR99 2.91 3.63 2.88 MAY99TOAPR03 4.11 4.52 3.45 MAY03TOAPR07 4.55 3.95 3.06 MAY07TOAPR11 4.22 4.58 3.16 MAY11TOAPR15 5.23 5.31 3.76 The price ratio of wool compared to the other illustrated fibres has increased over time.