Penultimate wool sales this week

Penultimate wool sales this week

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The Merino fleece sector failed to attract the same amount of support that it enjoyed during the previous week’s sale.

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THE strong positive movement experienced in the previous week’s sale could not be sustained last week in selling Week 22.

The quantity on offer was 34,513 bales meaning the national offering is now down by 18 per cent when compared to the corresponding sale of the previous season.

The Merino fleece sector failed to attract the same amount of support that it enjoyed during the previous week’s sale.

The result was price reductions, inferior style wool and wool with unfavourable additional measurement results were the hardest hit in the falling market.

Wools measuring 18.5 micron through to 21.5 micron generally lost between 15-30 cents for the series.

Although the Merino fleece sector generally recorded losses, the AWEX Eastern Market Indicator (EMI) managed a 2c increase for the week, to close at 1860c.

However, this was mainly due to substantial rises in the crossbred sector.

The skirtings went against the trend of the fleece and added further gains to those achieved the previous week.

Prices achieved were generally 10-30c above those achieved at the previous sale, wool carrying less than 2.0pc vegetable matter enjoyed the largest gains.

As previously mentioned, the crossbred sector recorded large rises last week.

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Strong demand helped push prices for wool 28 micron and finer up by 80-90c.

Better prepared lines received the greatest support and as a result enjoyed the largest increases.

The carding market continued its upward trend following on from the large gains experienced in the previous week’s sale.

Locks, stains and crutchings generally rose by 10-25c.

These rises helped pushed the three carding indicators up by an average of 12c.

This week is the penultimate sale before the annual three-week Christmas. Quantities increase and there is 39,510 bales rostered for sale in Sydney, Melbourne and Fremantle.

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