Buyers from China were again dominant followed by buyers for India and Europe.
The increase in demand from Europe and India has played a major part in the lift in the market this season. This increase in demand is reflected in the latest export data from the Australian Bureau of Statistics which shows that the share of Australia's exports in the first three months of the season have changed as follows:
• India has moved from 7.8% for all of last season to 10.6% this season.
• Italy has moved from 2.8% to 5.3%.
• The Czech Republic has moved from 3.4% to 4.6%.
• China has moved from 78.1%% to 68.6%.
Sales will be held in Sydney, Melbourne and Fremantle next week, when 51,235 bales are currently rostered for sale. Present estimates for the following two sales (Weeks 20 and 21) are 47,450 and 46,750 bales, respectively; an increase of 6.1% over the three sale period when compared with last year.
The New Zealand Merino Company is rostered to offer 3,000 bales in Week 20.
In South African sales, the Cape Wools Indicator was up by 3.9% since last week against a 1.7% appreciation of the Rand against the US Dollar and a 0.2% appreciation against the Euro. 9,960 bales were on offer.
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Australian Wool Industries Secretariat
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.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "UBM China (Shanghai)")
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
