MEDIUM Merino wool prices started to slip this week as recent record auction rates boosted bale offerings. However, fine wool continued to appreciate in value, with micron price guides for fleece under 16.5 microns gaining 157 cents in Sydney and 100 cents in Melbourne.
ONLINE wool offerings met keen demand last week as the Australian auction market benchmark reached an historical high.
FINE wool prices surged by up to 100 cents-plus in auction this week as the Australian market continued its bull run. Clips continued to come out of on-farm and broker storages and brokers advised against woolgrowers shearing too early to capture the high prices, as the AWEX Eastern Market Indicator rose by 26 cents to a new historical peak of 1546c/kg clean this week.
DIVERSITY has helped promote Australian lamb and now the diverse nature of the nation’s wool clip is becoming an important market factor.
WOOLTRADE sold more than 1100 bales of wool as the Australian auction market ventured deeper into record territory last week.
WOOL prices surged higher into record territory this week, with the benchmark AWEX Eastern Market Indicator lifting 51 cents to peak at 1500c/kg clean.
SOLID demand boosted by new business continued to push Merino and crossbred wool prices higher at auctions this week.
FINE Merino wool under 18 micron and crossbred fleece sold dearer as the auction market generally firmed this week. AWEX’s benchmark Eastern Market Indicator lifted 3 cents to close at 1440 cents, with brokers passing in 7.6 percent of the 44,938-bale offering.
STRONG online enquiry for wool is continuing in line with general market demand, with more than 100 bales sold on Wooltrade this week.
WOOL prices strengthened into record territory again this week, with significant gains for quality Merino and crossbred fleece.