AGENTS and woolgrowers could save $11 million over five years through the relocation of Sydney’s Yennora wool sales to Goulburn, a new report, Towards a new wool selling future in NSW, has shown.
PRICES continue to float in record territory as the unquenchable appetite for superfine wool forces the Australian Wool Exchange’s Eastern Market Indicator (EMI) to 1440 cents a kilogram, 12 per cent higher than year-ago levels.
AS the famine for European style wool intensifies, buyers showed their cards at the designated superfine sale in Sydney on Thursday with desperate bids more than 80 cents a kilogram up on last week.
Getting lumped with 100 cent a kilogram clean price penalty on woolgrower Tony Butler’s 200-bale wool clip was the catalyst for a shearing overall.
Favourable spring conditions were a welcomed relief on parched land, but the ongoing summer rain has wreaked havoc with seed and burr contamination in wool.
TWICE World Shearing Champion, Shannon Warnest, will head the Sports Shear Australia team which is set to take on 32 countries at the World Shearing and Woolhandling Championships at Invercargill, New Zealand, this week.
Alfoxton Merino stud, Armidale, topped their 27th annual on-property sale at $4250, coming close to doubling last year’s top price.