Wool indicator hits 2073c/kg

Wool indicator hits 2073c/kg


Market Analysis
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The Eastern Market Indicator zoomed another 52c/kg higher to settle the week on 2073c/kg.

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MERINO fleece prices have soared again this week lifting as much as 100 cents a kilogram on some micron-categories.

The Eastern Market Indicator zoomed another 52c/kg higher to settle the week on 2073c/kg.

Australian Wool Exchange market information manager Lionel Plunkett said the second last sale in the wool selling calendar was typically the smallest for the season and this week proved no exception.

“With Fremantle sitting on the sidelines the two-centre roster could only muster just under 21,000 bales, the smallest national offering in nine years,” he said.

This smaller offering forced buyers to up their budgets to get the wool they needed to fill orders.

Mr Plunkett said since Easter the EMI had risen in nine out of the 11 weeks and lifted 300c/kg. 

This week the 19.5-micron lines lifted 100c/kg to average 2370c/kg, while the 19-micron wool were 93c/kg dearer averaging 2374c/kg. 

At the finer end of the auction the 18-micron wools were 35c/kg more at 2538c/kg and a limited offering of 17-micron wool was 21c/kg dearer at 2869c/kg.

Crossbred lines such as the 28-micron wools were also more expensive and averaged 1052c/kg.

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