Volatility in the wool market continued at today's sale with the benchmark Eastern Market Indicator losing 27 cents a kilogram clean.
The National Council of Wool Selling Brokers will celebrate its centenary with a special auction and cocktail party in Melbourne early next year.
The Australian wool market continued on its erratic path last week with the benchmark EMI rising 32 cents to finish at 1543c.
WoolProducers Australia has raised serious questions about the independence of a committee which has the job of identifying the best candidates for the upcoming AWI board elections.
There have only been two instances where the EMI has moved more than 100c/kg in a single day, both of which occurred in the last six weeks.
Market analysts have been warning of price volatility in the wool market and their predictions were proved correct at this week's sales.
At the end of another rather tumultuous week, the Eastern Market Indicator closed up by 67 cents a kilogram.
The wool price recovery gathered more pace this week with the EMI hitting 1609 cents a kilogram clean.