Buyers for China dominated this week's sale, with support from India and Europe. Although buyers for China remain on top, the strong buying activity from Europe was an encouraging sign for the market.
Sales will be held in Sydney, Melbourne and Fremantle next week, when 49,042 bales are currently rostered for sale. Present estimate for the following sale (in the week prior to Easter) is 45,000 bales. A decrease of 21.2% over the two sale period when compared with last year.
In South African sales, where 7,213 bales were on offer, the Cape Wools Indicator was up by 0.7% since last week against a 3.1% appreciation of the Rand against the US Dollar and a 0.1% depreciation against the Euro.
Australian Wool Innovation
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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.")
