Trade

Opportunities for sound wool

Sheep Central, October 22, 2014

Wooltrade logoAustralia’s wool market offered short-term opportunities for woolgrowers able to keep their clip sound with low mid-point breaks, AuctionsPlus Wool market operations manager Tony Benson said.

“The market is actually ahead for this year by 26 cents and I see plenty of opportunity going forward for wool in the short term particularly for woolgrowers who have managed to keep a low mid-break and a reasonable tensile strength of about 35 Newtons/kilotex.

“It’s not always easy to do but this year rewards for those wool types are quite visible in the market place.”

Mr Benson said last week was challenging for the wool market, with prices easing for most microns and the AWEX Eastern Market Indicator falling seven cents, though it actually rose in US Dollars.

“Wool sales reflected the contracting market on the Wooltrade trading system, but there were a few handy sales for woolgrowers,” he said.

Mr Benson said Wooltrade’s top price for the week was again for wool below 16 microns.

A clip branded ST QUENTIN/LISMORE offered by Elders Rural Services that tested at 15.9 microns, with 0.1 percent vegetable matter, a healthy 76.4 pc yield, 68mm staple length and a robust 40 Newtons/kilotex of strength, sold for 1390c/kg clean.

“This is a good result for the woolgrower who presented well-specified wool to the market.”

The AuctionsPlus Wool sale on Tuesday sold 172 of 347 bales offered, with a pass-in rate of 33.1pc and a further 60 bales withdrawn before the sale.

Source: AuctionsPlus

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