A new season "high rise" was recorded for wool last week

Woolgrowers reap stronger prices

Sheep & Goats
Online wool buying activity picked-up last week, as higher volumes were cleared at stronger prices. This reflected the buoyancy noted in the physical auction market.

Online wool buying activity picked-up last week, as higher volumes were cleared at stronger prices. This reflected the buoyancy noted in the physical auction market.

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Online wool buying activity picked-up last week, as trade conditions improved.

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The national wool market experienced a positive shift last week, in the wake of a steady decline that had been noted in preceding weeks.

The Australian Wool Exchange (AWEX) Eastern Market Indicator (EMI) closed the week up by 29 cents a kilogram at 1361c/kg, or US1005c/kg.

This was its biggest daily rise for the 2021-22 season to date, and the highest since June 16, when it put on 1c/kg.

All the price gains occurred on the first auction selling day - on Tuesday - and then settled and held firm at Wednesday sales.

Prices on the second selling day were generally within 15c/kg of those on the previous day.

This was reflected in the regional micron price guides, which had gains and falls of about 15c/kg.

Due to the selling week opening considerably stronger than it had in previous weeks last week, many overseas orders were booked early.

Buyers appeared to anticipate dearer market trends.

It seems last week's higher prices have encouraged growers to sell.

This has resulted in an expected bigger national offering for physical auctions this week.

The AuctionsPlus online offer board had a significant boost last week.

A total of 814 bales were sold through the online platform for the period, which was up by 530 bales from the previous week.

Although finer wools were sought after, the crossbred types sold in the biggest quantities online.

There were 109 bales of 17-micron wool that sold to a top of 1740c/kg (greasy), or 2358c/kg (clean).

Lines of 20-micron wool also sold in big quantities, with 174 bales clearing to a top of 885c/kg (greasy), or 1313c/kg (clean).

The top priced lot online was for five bales of 15.9-micron Merino fleece wool, which was branded "Uralla" and sold for 1890c/kg (greasy), or 2708c/kg (clean).

It was offered by Nutrien Ag Solutions - Victoria, had a vegetable matter of 1.7 per cent and a staple length of 78 millimetres.

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