The softening of price levels at Australian auction markets continued into this week. Merino Wool's 19.5 micron and finer were most affected but very stable market pricing was evident across all other wool types. With the Northern Hemisphere, and particularly China, hitting the traditionally slow retail demand period of early summer, the overseas manufacturers can afford a little wait and see approach. It appears the finest Merino types have taken the brunt of that slow down.
Click here to access AWI's Wool Weekly Market Report (PDF 580 KB)