Oddments had a mixed day on Wednesday with some good rises, but also some falls. They tended to be unchanged, or down a bit further on Thursday.
Buyers for China were dominant followed by buyers for India, Europe and Taiwan.
Sales will be held in Sydney, Melbourne and Fremantle next week, when 42,913 bales are currently rostered for sale. Present estimates for the following two sales (Weeks 20 and 21) are 43,580 and 47,900 bales, respectively; a decrease of 18.0% over the three sale period when compared with last year. This year-on-year difference follows the pattern of recent weeks. It is considered due to offerings being inflated at this time last year as shearers “caught up” after early season wet weather delays.
The New Zealand Merino Company is rostered to offer 3,000 bales in Week 21.
In South African sales, the Cape Wools Indicator was up by a further 3.9% since last week against a 0.8% depreciation of the Rand against the US Dollar and a 0.4% appreciation against the Euro. 10,369 bales were on offer.
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Australian Wool Industries Secretariat Inc
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.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "UBM China (Shanghai)")
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
