AUSTRALIAN wool prices faltered this week as buyer interest in superfine wool waned, according to Landmark wool technical officer Phillip Lipscombe.
MERINO wool auction price trends varied across Australia this week; falling in Melbourne, while rising in Fremantle and holding relatively firm in Sydney.
MERINO wool prices dropped on average this week as buyers came to terms with fleece with high vegetable matter content and more prematurely shorn clips in a smaller offering.
WOOL prices rose this week for smaller auction offering, reflecting a restocking of the supply chain, Australian Wool Innovation said.
WOOL buyers and customers will play a bigger role in National Wool Declaration promotion and NWD verifications will double to improve awareness and the rigour of the mulesing status and dark/medullated fibre risk statement.
ELECTRONIC transfer of wool clip information from farm to warehouse is being trialled in the second stage of the Australian Wool Exchange’s e-Bale project.
AUSTRALIAN wool prices closed generally lower in most sale centres this week, despite buyer confidence improving as sales progressed.
AUSTRALIA’S National Wool Declaration program will remain voluntary, but on-farm inspections and desk audit verifications will be increased where appropriate.
AUSTRALIAN wool prices rebounded this week, with medium and broad Merino wool lifting by up to 130 cents a kilogram. Landmark wool supply manager David Brook said it was a stunning reversal on the auction markets.
AUSTRALIAN wool prices experienced a dramatic correction again this week, with most Merino types losing 50-100 cents, although a positive trend emerged in later sales.