All types and descriptions of wool see gains

All types and descriptions of wool see gains


Wool
The wool market is expected to continue its upward trend, given the expected supply pressures.

The wool market is expected to continue its upward trend, given the expected supply pressures.

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It was a strong week for the Australian wool market, with only 28,273 bales offered across three selling centres.

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It was a strong week for the Australian wool market, with only 28,273 bales offered across three selling centres and 8.4 per cent passed in.

This is backed by the AWEX Eastern Market Indicator (EMI) as it rose 54 cents to reach 1887 cents a kilogram. This increase was pushed by gains on all types and descriptions across all selling centres.

Reports from physical auctions suggested buying on both days at the southern centre reflected a change in sentiment , as large gains were seen across all Merino Micron Price Guides of about 30 to 80 cents.

It was a similar trend at the northern centre, but to a slightly lesser extent, as the first day saw significant price changes before slowing on the second day to see gains of 20 to 48 cents.

A single day of selling for the western centre was reported as "aggressive" buying and led to gains of 60 to 77 cents for Merino price indicators.

The largest increases across all selling centres came from Merino wools within the 18 to 21-micron wool price indicators.

Online activity this week was steady for AuctionsPlus wool, with 263 bales sold.

This was topped by a line of 15.5-micron Merino fleece at 1830c/kg (greasy) or 2585c/kg (clean). The price for 16 and 17-micron fleece wool was 1125c/kg and 1400c/kg (greasy) or 2079c/kg and 2219c/kg (clean). Top price for 18 and 19-micron fleece wool was 1500c/kg and 1520c/kg (greasy) or 2212c/kg and 2286c/kg (clean). Top price for 20 and 21-micron fleece wool was 1443c/kg and 1380c/kg (greasy) or 2206c/kg and 2153c/kg (clean). Two lines of 23-micron fleece wool offered by Elders Adelaide and branded 'Watervalley' topped at 1160c/kg (greasy) or 1706c/kg (clean).

The support for crossbred wool online was much quieter, with only four of the bales sold being crossbred fleece wool. This was topped at 810c/kg (greasy) or 1125c/kg (clean) for a line of 25.4-micron fleece wool.

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