AWEX wool indicator closes 1.5% higher last week

Buyers for China were dominant this week, followed by strong support from buyers for India.  Buying support from Europe was more subdued this week.

Sales will be held in Newcastle, Melbourne and Fremantle next week, when 49,617 bales are currently rostered for sale. Present estimates for the following two sales (Weeks 22 and 23) are 54,650 and 50,600 bales, respectively; an increase of 12.1% over the three sale period when compared with last year. The New Zealand Merino Company is rostered to offer 2,570 bales in Week 22.

Australian Wool Industries Secretariat Inc (AWIS)