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Aussie wool prices down 1.2% last week

11 Feb '13
4 min read

It was a solid week for skirting types on top of last week’s very strong demand.  It was also a good week for crossbreds which did a little better than Merino wools.  Oddments were generally in good demand all week.

Buyers for China were very strong this week, while there was good support from buyers for Europe, India and Korea.

Highlights from the Australian Bureau of Statistics export data for December, and for the July to December period for the top five export destinations and for three other key destinations follow.

Sales will be held in Sydney, Melbourne / Launceston and Fremantle next week, when 50,612 bales are currently rostered for sale.  Present estimates for the following two sales (Weeks 34 and 35) are 52,400 and 45,900 bales, respectively; an increase of 3.3% over the three sale period when compared with last year.

The New Zealand Merino Company is rostered to offer 2,450 bales in Week 34.

Australian Wool Industries Secretariat Inc

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