The first sale of the 2014/15 Australian wool season opened this week to largely positive results for sellers. All types on offer came under ever-increasing competition from the trade as the sales progressed.
The final day saw the AUD:USD exchange weaken considerably and rapidly by over half a cent, which further added to the intensity of buying activity.
The positive behaviour of buyer’s actions last week flowed fully into the auctions of this week, with the recovering indicators from most global industry giving impetus to the change of the wool price trend to positive charting.
Click here to access AWI's Wool Market Weekly Report (pdf 551Kb).