Wool price signals strong

28 Jan, 2010 01:00 AM
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Meckering woolgrower and Australian Merino Society president Robert Beard believes 930c/kg greasy is an average price for what woolgrowers receive, not a 'high'. He said the ideal average price for woolgrowers should be 1400c/kg clean if producers were going to be attracted back into the wool industry.
Meckering woolgrower and Australian Merino Society president Robert Beard believes 930c/kg greasy is an average price for what woolgrowers receive, not a 'high'. He said the ideal average price for woolgrowers should be 1400c/kg clean if producers were going to be attracted back into the wool industry.

MECKERING woolgrower and Australian Merino Society president Robert Beard believes wool prices have to average at least 900c/kg greasy to stem the tide of woolgrowers leaving the industry.

Mr Beard runs about 2000 AMS Merino breeding ewes, of which 1200 are in a self-replacing flock.

While prices are 60c/kg higher than the pre-Christmas break, Mr Beard said prices shouldn't be reported as 'high' because historically, they're only average.

"At the moment prices are okay, I don't remember when prices were at this level in recent years," Mr Beard said.

"But in the whole scheme of things, I think this is where wool prices should be on average, they're not really a 'high' price.

"It is fairly positive particularly considering where the dollar is though."

One of the biggest problems with price, according to Mr Beard, is that processors refuse to pay more for quality wool.

He believes wool prices received from his 18 micron wool didn't reflect the quality.

"When we talk wool, not all wool is the same," he said.

"We're fairly comfortable that we've got a good micron range, but we concentrate on the quality of wool as well."

Landmark WA wool manager Tim Edwards said the wool on hold is starting to be filtered onto the market.

"All types are seeing improvement from fleece wool to skirtings and oddments," he said.

"The market signals are strong though we will see, as usual, fluctuation up and down."

Elders WA wool manager Danny Burkett said prices have boomed.

"The three week recess in the Australian wool market put further pressure on world supplies and the opening market paid testimony to that with gains over 60c/kg clean," he said.

"Quality, micron, seed fault and strength made no difference as all categories enjoyed the price rise."

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