WOOL sales were quiet on the online platform AuctionsPlus Wool last week, with 21 bales changing hands.
AUSTRALIAN wool prices finished generally higher this week, in the final sale series for 2018 for a three-week recess, with strong buying from major traders, Chinese and European buyers and processors.
THE volatile nature of the spot auction wool market was shown again last week, with the crossbreds giving back gains and the Merinos tightening slightly under short supply.
AUSTRALIAN Merino wool prices rebounded this week, but crossbred fleece values fell by up to 130 cents, prompting seller resistance.
AUSTRALIAN growers held back more wool this week as unfavourable currency rates affected Chinese demand, sending auction prices generally 50-90 cents lower.
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.
WOOL auction price rises triggered better volumes in the forward market this week, with trades made through to June 2019.
FINE Merino wool prices improved in Australian auctions this week, but crossbred fleece values declined further.