WOOLTRADE experienced limited buyer activity last week as the auction market continued to fluctuate.
WOOL industry attitudes to change need to be addressed collaboratively for the proposed Wool Exchange Portal to succeed, according to the operator of Australia’s only online wool marketing platforms.
STRONG online demand for good quality Australian superfine wool continued last week, with 120 bales traded.
ONLINE wool offerings met keen demand last week as the Australian auction market benchmark reached an historical high.
WOOLTRADE sold more than 1100 bales of wool as the Australian auction market ventured deeper into record territory last week.
STRONG online enquiry for wool is continuing in line with general market demand, with more than 100 bales sold on Wooltrade this week.
BUYERS scouring online stocks for good quality Merino fleece boosted Wooltrade sales last week. Wooltrade market operations supervisor Tom Rookyard said 610 bales of wool were sold online last week with the strong buyer and exporter activity in the market.
MERINO wool demand on Wooltrade again followed the physical market buying trend last week, with most sales occurring early in the week.
WOOL market strength flowed onto Wooltrade last week as the physical auctions failed to satisfy the appetite of buyers and exporters.
WOOLTRADE has had it biggest trading week in a month, as the supply of wool compounded with a favourable exchange rate last week.