The wool market managed to struggle through the sudden surge in supply volume after the Easter recess.

The offering at auction clearly exceeded buyer demanded with 10 per cent and 5pc pass in rates across the two days.

Good wools maintained their values while poorer styles sold lower during the past week.

This week a start-up Merino wool growers co-operative will start inviting ethically-minded producers to join its ranks. From the end of April it will take delivery of the world’s first blockchain traceability platform for fibre.