STRONG crossbred wool demand was a feature of AuctionsPlus online sales last week.
AuctionsPlus regional sales associate Ed Murphy said the 7 cent increase in the AWEX Eastern Market Indicator to 1934c/kg clean in the physical auction market last week was largely pushed by crossbred wool with large increases in 25-30 micron wool price indicators.
“This was also reflected online and a relatively solid week for Auctionsplus Wool with just 237 bales sold.
“The support at physical auction for crossbred wool was reflected online with 189 of the bales sold being crossbred wool,” he said.
AuctionsPlus’ top crossbred fleece price online was 1015c/kg greasy, or 1400c/kg clean, for a 17-bale line of 25.7 micron AAAFX with 0.6 percent vegetable matter content.
A four-bale line of 17.2 micron Merino bellies with a yield of 58.1pc, an average staple length of 61mm, tensile strength of36 Newtons/kilotex and 2.6pc vm sold for 1172c/kg greasy, or 2017c/kg clean.
Mr Murphy said about 40,000 bales are expected to be offered at physical auctions this week and a predicted 38,000 bales weekly for the following two weeks.
“This continues the supply pressures and it is expected the market will continue its upward trend.”