Australian wool auction sales resumed after the Easter recess this week, and buyers attacked the selection with vigour from the outset. Every type and description on offer in the Merino area attracted the strongest of competition seen for quite some time, continuing the dearer trend initiated prior to the one week break in sales.
In general terms the Merino sector was 30 to 50ac/clean kg dearer whilst the crossbreds were relatively more subdued, but still managed to add 5 to 10ac/clean kg to the established market quotations.
By the close of selling, a handy 24ac/clean kg gain in the EMI (Eastern Market Indicator) was recorded to finish at a level of 1130ac/clean kg.
Click here to access AWI's Wool Market Weekly Report (pdf 419Kb).