Deals with overseas mills help wool values

Deals with overseas mills help wool values

Sheep
With an extremely volatile global market place impacting consumer confidence, there is no clear picture in sight for when this volatility will end.

With an extremely volatile global market place impacting consumer confidence, there is no clear picture in sight for when this volatility will end.

Aa

The AWEX Eastern Market Indicator closed off at 1574c/kg last week.

Aa

Recent business conducted with overseas mills saw the wool market gain ground last week.

The AWEX Eastern Market Indicator gained 25 cents a kilogram and then eased 6c/kg on Wednesday and Thursday respectively, to close off at AU1574c/kg or US1070c/kg.

Compared to this same point last year the AWEX EMI is sitting 207c/kg lower, where the EMI closed off on November 15, 2018 at 1781c/kg.

This week's market strength saw buyers flow online, with 755 bales selling on AuctionsPlus Wool.

Online, 16 and 17-micron fleece wool sold to 1555c/kg and 1499c/kg (greasy) or 2079c/kg and 1985c/kg (clean).

The 18 and 19-micron fleece wool sold to 1425c/kg and 1365c/kg (greasy) or 1926c/kg and 1813c/kg (clean).

While 20 and 21-micron fleece wool sold to 1345c/kg and 1240c/kg (greasy) or 1740c/kg and 1717c/kg (clean). 17 and 18-micron Merino pieces sold to 1075c/kg and 1110c/kg (greasy) or 1759c/kg and 1708c/kg (clean). 19 and 20-micron Merino pieces sold to 890c/kg and 700c/kg (greasy) or 1581c/kg and 1452c/kg (clean).

The top price lot online this week was a line of 15.9-micron AAA Australian Superfine wool.

This lot was offered by Australian Wool Network.

It was 73 millimetres in length, with 1.8 per cent vegetable matter, was branded ROYSLEA J ON ITS SIDE IN A CIR, and sold for 1600c/kg (greasy) or 2192c/kg (clean).

The top priced lot of pieces was a line of 16.3-micron which was branded FISHINGTON/NE, offered by Landmark Sydney and sold for 1355c/kg (greasy) or 1944c/kg (clean).

The current yo-yoing of the market is seeing the "lucky" growers catching the market on an upswing and the "unlucky" growers hitting the market on a downswing.

This is offering no consistency for growers, brokers or buyers alike.

Aa

From the front page

Sponsored by