THE wool market fell slightly in the past week, with the limited supply of good quality fine wools holding, but other average types falling.
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This was reflected in the Australian Wool Exchange Eastern Market Indicator falling on Tuesday last week by eight cents a kilogram and then gain 2c/kg on Wednesday to fall to 1772c/kg.
At the same time the West Australian indicator lost 7c/kg and gained 9c/kg to close off at 1871c/kg.
The offering at auction clearly exceeded buyer demanded with 10 per cent and 5pc pass in rates across the two days.
The market retraction resulted in limited buyer activity online on AuctionsPlus with only five bales selling.
This week is the annual Easter recess for the Wooltrade with sales recommencing Wednesday, April 18.
Looking forward, there are reports of 50,000 bales on offer next week, with between 13,000 and 16,000 in Sydney.
There is no doubt that this volume will test the market considerably.
