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Australian wool prices marginally down last week
28 Jan '13
4 min read
Skirting types eased in Melbourne on Tuesday and again in all centers on Wednesday. Thursday’s sale produced better results, with some types picking up in price. Crossbred wools eased during the week; and were down, on average, by similar amounts to those for Merino wools. Oddments were a bit mixed, but generally fared quite well during the week. The average AWEX Merino Cardings Index was up, but by a smaller amount than in the last two sales.
Buyers for China were very strong this week, followed by good support from buyers for India, Europe and Korea.
Sales will be held in Sydney, Melbourne and Fremantle next week, when 42,986 bales are currently roistered for sale. Present estimates for the following two sales (Weeks 32 and 33) are 48,550 and 54,100 bales, respectively; an increase of 14.0% over the three sale period when compared with last year.
Australian Wool Industries Secretariat Inc
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