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Aussie wool prices down 2.2% last week
18 Mar '13
4 min read
Prices for skirting type wools were mixed, but generally eased during the week. However, there was a greater willingness to sell than happened last week. As mentioned above, crossbred wools did better than the Merino types. Most crossbred MPGs are closer to their values at this time last year than their Merino counterparts. It was also a good week for oddments, with most types slightly up, or unchanged.
Buyers for China were dominant, with support from buyers for Europe (in particular) and India.
Sales will be held in Sydney, Melbourne and Fremantle next week, when 48,038 bales are currently rostered for sale. The present estimate for the following sale (Week 39) is 46,283 bales; an increase of 10.1% over the two sale period when compared with last year. There is no sale in Week 40 – the week after Easter.
Australian Wool Industries Secretariat Inc
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