The Australian wool market operated this week on a very similar basis to what has been in play for a few weeks now. On the surface, the Merino fleece sector appeared to be unchanged, but a quick analysis shows a continuation of the diverging prices between the best on offer to the lower specified types. Price gaps are extending, as buyers are finding it increasingly difficult to place the high POBm (point of mid break) wool types which are remaining prevalent. The crossbred and comeback market remains positive, and some nice gains in price levels were achieved. All other segments of the offering basically traded firm unchanged.
Click here to access AWI's Wool Market Weekly Report (pdf 468Kb).