AUSTRALIAN growers held back more wool this week as unfavourable currency rates affected Chinese demand, sending auction prices generally 50-90 cents lower.
AUSTRALIAN wool prices rose to new historic levels this week, underpinned by unrelenting demand for the limited quantities of 18-22 micron Merino wool available.
ONLINE wool sales have dried up as fewer lines are passed in at Australia’s booming physical sale-by-sample auctions.
WOOL officially became a $20 a kilogram fibre in Western Australia this week with the state auction market’s indicator lifting 66 cents to an historic 2018c/kg clean.
GROWING fears about future supplies and a weakening Australian dollar helped lift wool prices to historic levels at auctions this week.
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.