Sales will be held in Sydney, Melbourne and Fremantle next week, when 52,422 bales are currently rostered for sale. Present estimates for the following two sales are 50,669 (plus 4,000 bales from New Zealand) and 50,500 bales, respectively. A decrease of 6.1% in Australian bales over the three sale period when compared with last year.
In South African sales, where 9,868 bales were on offer, the Cape Wools Indicator was down by 3.4% since last week against a 2.7% appreciation of the Rand against the US Dollar and a 1.7% appreciation against the Euro.
AWTA data for the four months to the end of October show the weight of wool tested to be 4.2% less than in the same period last year.
Australian Wool Innovation Limited
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