ONLINE wool sales fell slightly in Australia last week, with medium and broad Merino wool in strong demand on AuctionsPlus.

The AuctionsPlus online offer board sold 1597 bales last week, down 103 bales. The platform sold 255 bales of 19 micron wool, to a top price of 1280c/kg greasy, or 1652c/kg clean, and the 295 bales of 21 micron wool traded made to 987c/kg greasy, or 1360c/kg clean.

The top-priced lot sold online was a bale of 15.8 micron Australian Superfine AAASUPM that made 2055c/kg greasy, or 2842c/kg clean. The  line had an average staple length of 79mm and a vegetable mattr content of 0.3pc. It was branded ‘Finchley/Craigie’ and offered by Jemalong Wool.

In the physical auctions last week, the AWEX Eastern Market Indicator (EMI) rose by 55c to close out the selling week at 1448c/kg clean or US1105c/kg in US dollar terms. The passed-in rate remained strong at 4.6pc. In the last two weeks, the EMI has increased by more than 100c/kg, back to pre-COVID levels.

Source: AuctionsPlus.