News

AuctionsPlus bales sell as market indicator hits record level

Sheep Central, May 2, 2018

AUCTIONSPLUS wool sellers enjoyed consistent enquiry for lines last week, as the nation’s auction market benchmark reached a record level.

AuctionsPlus market operations supervisor Tom Rookyard said the rising wool market continued on its strong path last week, with bale pass-in a 3.6 percent as the AWEX Eastern Market Indicator rose 21 cents to close at 1846c/kg clean.

“Online AuctionsPlus Wool had consistent buyer enquiry throughout the week, with 265 bales selling,” he said.

The top lot sold online this week was a 15.2 micron line of EX SUPAAA Merino fleece wool with 0.5pc vegetable matter content and an average staple length of 86mm. The line sold for 2650c/kg greasy or 3419c/kg clean.

The 16 micron lines sold online made to 1955c/kg greasy, or 2689c/kg clean, and the 17 micron Merino fleece sold to 1800c/kg greasy, or 2469c/kg clean.

AuctionsPlus’ 18 micron lines sold to 1643c/kg greasy, or 2197c/kg clean, and the 19 micron fleece wool made to 1600c/kg greasy, or 2102c/kg clean. The 22 micron lines sold online made 1004c/kg greasy or 1687 and the 23µ micron fleece wool sold to 1305c greasy or 1878c dry.

Crossbred fleece wool sold on AuctionsPlus to a top of 680c/kg greasy or 999c/kg clean for a line of 27.7 micron wool, with just 0.5pc vm. Merino locks sold to a top of 730c/kg greasy or 1281c/kg clean for a 21.1 line with 0.7pc vm.

Mr Rookyard said with about 42,000 bales to be offered across all three selling centres this week, and smaller offerings of 35,000-38,000 bales over coming weeks, it is expected that good quality lines will continue to be in demand. Drought-affected and high vm wool will see irregular activity, he said.

Source: AuctionsPlus.

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