The wool markets across Australia this week continued to follow the price trends that have been in play for a few weeks now, with the only sector not recording a small price gain being the average and inferior types of all Merino qualities.
The standout performers this week were the better Superfine types 17.0 to 18.5 micron, which in-creased by up to 100acents clean above their lesser counterparts. The strong competition seen in this area came about from the activation of a strong buying plan from one mill in China, who obviously can see the pro-cessing and performance benefits that the better wools provide. Quite often this company bid at, or in many cases above, the Italian indent levels.
Click here to access AWI's Wool Market Weekly Report (pdf 1079Kb).