ONLINE wool sales crashed last week as the final wool auctions in the 2020/2021 season were held.
The AuctionsPlus online offer board experienced a severe decline in sales, selling only 20 bales sold.
The offer board traded seven bales of 17 micron wool and 11 bales of 27 micron fleece.
The top-priced lot was a seven bale line of 17.5 micron fleece wool that made 1760c/kg greasy, or 2325c/kg clean. The line had an average staple length of 81mm with 0.2 percent vegetable matter content, and was offered by ‘NH/Cstlesprings’ through Nutrien Ag Solutions – Victoria. The 27 micron wool sold to 325c/kg greasy, or 513c/kg clean.
There were also negative price trends across all sectors in the physical auctions, with the benchmark AWEX Eastern Market Indicator (EMI) slipping 3 percent or 45 cents to finish at 1425c/kg or US1020c/kg clean. Growers reacted by passing in 21.6pc of the 42,847 bales offered.
Despite the negative finish to the selling season, the Australian wool industry has improved from its COVID generated lows, AuctionsPlus said.
According to the AWEX, the offering for the last year has climbed to 1,782,009 bales with an increase of 21pc in price. With seasonality benefits experienced across a large part of the eastern states and positive international engagement on the rise, the year ahead looks promising, AuctionsPlus said. There are 55,000 bales scheduled for the first selling week of the new financial year.
Source – AuctionsPlus.