Buyers for China were dominant with support from buyers for India and for Europe.
Sales will be held in Newcastle, Melbourne and Fremantle next week, when 52,482 bales are currently rostered for sale. Present estimates for the following two sales are 52,940 and 53,000 bales, respectively. A decrease of 2.3% over the three sale period when compared with last year.
The New Zealand Merino Company will also offer 3,150 bales in Melbourne next week.
In South African sales, where 7,451 bales were on offer, the Cape Wools Indicator was down by 6.3% since last week against a 6.3% appreciation of the Rand against the US Dollar and a 7.1% appreciation against the Euro.
Australian Wool Innovation Limited