FOR five weeks the wool market has given strong returns for wool producers, but last week delivered the icing on the cake with several microns recording 80 to 100 plus cent price rises and the AWEX EMI (Eastern Market Indicator) clocking a massive 69 cent price rise, taking it to 1241 cents, some 195 cents greater than this time last year.
In this time, Wooltrade has sold 6312 bales of producers' wool and we need to go back to 2011 to see these prices and this buyer competition.
Wooltrade recorded very little price differences for lower spec versus bespoke fibre.
Wooltrade now has just 3300 bales listed - that is reduced by 4624 bales in the past month, showing the level of demand for wool.
Growers need to consider their options if they are holding wool as many price levels above 17 microns are approaching record levels.
n Tony Benson is Wooltrade's market operations manager.
Below 17 has room to move but on Wooltrade 128 bales from 14.1 to 17 microns found buyers.
Our top price for the week goes to a line branded GLEN STUART offered by Roberts Ltd and measured just 14.3 microns, 0.4 per cent vegetable matter, 76.4 pc yield, 36 Newtons of strength and sold for a whopping 3469 cents a kilogram clean.
Schute Bell sold the second highest price measured at 14.9 microns, 1.7 pc vegetable matter, 74.7 pc yield, 72mm, 44 Newtons and sold for 2691c/kg clean, a solid result for a quality offering.
The 17 micron fleece wool sold for up to 1499 cents, 18's at 1479 cents, 19 at 1356 cents to 20 microns at 1338 cents and 21 at 1301 cents on Wooltrade during the week.
Talk to your wool broker about listing you wool at a target price on Wooltrade.
Tony Benson is the market operations manager for Wooltrade.
