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Quality wool lines sell well on AuctionsPlus as auction market dips

Sheep Central, July 17, 2018

QUALITY wool lines continued to sell on AuctionsPlus last week as the physical auction market fell slightly in the last sales before a three week recess.

AuctionsPlus market operations officer Ed Murphy said prices held for the limited supply of good quality fine wools, but values for other average types fell at auctions.

This was reflected in the AWEX Eastern Market Indicator falling 13 cents to 1981c/kg clean.

“The offering at auction clearly exceeded buyer demanded with 11 percent and 5pc pass-in rates across the two days.

“The market retraction saw limited buyer activity online on AuctionsPlus with only 30 bales selling,” he said.

The top-priced line on AuctionsPlus last week was 1981c/kg greasy, or 2822c/kg clean, for a six-bale line of 16.9 micron Merino fleece wool branded T&LS/Mudgee offered by Elders Sydney. The line yielded 70.2pc, with an average staple length of 88mm, a tensile strength of 38 Newtons/kilotex and 1pc vegetable matter content.

A 13-bale line of 17.6 micron fleece wool branded Monalta offered by Primaries of WA sold for 1625c/kg greasy, or 2481c/kg clean. The line yielded 65.5pc, was 90mm long, with a tensile strength of 33N/kt and 1.2pc vm.

AWEX wool auction sales recommence Monday 6 August.

Source: AuctionsPlus.

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