PREMIUMS for non-mulesed wool sold in Australian auctions are rising and becoming substantial for some Merino wool, according to data released by the Australian Wool Exchange.
FINE Merino wool prices improved in Australian auctions this week, but crossbred fleece values declined further.
WOOL prices steadied at auctions this this week, despite some discounts for some tender lines, indicating trade satisfaction with current price levels.
WOOL Industry stakeholders have urged settlement of the rift between the Australian Wool Exchange and Australian Wool Innovation over data and ownership of the proposed Wool Exchange Portal.
THE Australian Wool Exchange has moved to close a loophole in the National Wool Declaration’s definition of ‘Ceased Mulesing’ after its recent NWD review.
A FURTHER correction in Australian wool prices this week has been attributed to strong buying earlier in the season, currency exchange rates and current offering quality.
AUSTRALIA’S proposed Wool Exchange Portal has hit a major obstacle after failing to negotiate agreement on industry data access and ownership proposals with the Australian Wool Exchange.
AUCTIONSPLUS had restricted but consistent online enquiry for wool last week and market operations supervisor Tom Rookyard said with the physical wool market holding mostly firm, finer types attracted buyer interest.
PRICES for wool under 19 micron dipped on Australia’s eastern states’ auction floors this week and the benchmark AWEX Eastern Market Indicator closing slightly lower.
AUSTRALIAN wool prices continued their downward trend at auctions earlier this week, but improved on the last day of sales.