Australian wool auctions continued to advance the price levels across almost the entire range of wool types again this week. Selling got off to a sluggish start on Tuesday with competition being somewhat subdued. Prices slipped, albeit very lightly by just a cent or two, with just the standalone Melbourne centre operating. As all three selling centres came on line on Wednesday, the tone improved rapidly and prices quickly reversed to be heading upwards again. The Merino fleece sector o f 18.0 to 21.0 micron was again the major beneficiary of the positive sentiment, and most prices showed gains between 15 and 20ac clean/kg. Merino skirtings and cardings maintained levels whilst the crossbred sector came under close attention once more to be dearer. All sections concluded the week at the highest price point.
Click here to access AWI's Wool Market Weekly Report (pdf 403Kb).