The Southern and Western Markets did not do as well in their early sales. However, the Southern market did very well on Thursday, finishing with week-on-week gains of 15¢ to 35¢ in its 20 to 23 AWEX Micron Price Guide (MPGs).
Skirtings got away to a mixed start, and tended to follow the fleece market throughout the week. Crossbred sales were mostly confined to Melbourne, where prices eased on Tuesday, were mixed on Wednesday and generally picked up on Thursday. Oddments had a mixed week. They fell on Tuesday, but by less than fleece types, recovered well on Wednesday and were unchanged, on average, on Thursday.
Buyers for China were dominant followed by buyers for Europe India and Korea. Buyers for Italy were strong in Newcastle.
Sales will be held in Sydney, Melbourne and Fremantle next week, when 46,720 bales are currently rostered for sale. Present estimates for the following two sales (Weeks 23 and 24) are 45,800 and 43,500 bales, respectively; a decrease of 13.8% over the three sale period when compared with last year.
The New Zealand Merino Company is rostered to offer 1,250 bales in Week 24.
In South African sales, the Cape Wools Indicator was down by 3.4% since last week against a 3.8% depreciation of the Rand against the US Dollar and a 2.8% depreciation against the Euro. 8,909 bales were on offer.
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Australian Wool Industries Secretariat Inc (AWIS)
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.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "UBM China (Shanghai)")
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