Weekly Market Report

Mark Dyson, Managing Director

Mark Dyson

Slight rise in wool market

The wool market lifted slightly this week, despite the fact the Australian dollar continued to strengthen against the greenback.

The Eastern Market Indicator (EMI) gained three cents per kilogram to close at 1290c/kg clean, while in US terms, the EMI lifted by 8c/kg to see 993c/kg clean.

A smaller national offering of 33,917 bales had a passed-in rate of 7.3 per cent, which was almost 6pc down on last week.

As has been in the case lately, finer fleeces recorded a stronger result than their medium to broader cousins.

In the finer end of the catalogue there were gains around the 20c/kg mark, with the 16.5 micron guide tipping 1583c/kg.

Medium to broader types were generally down, with the 22 micron guide shedding 23c/kg to rest 1356c/kg.

Skirtings followed suit, firming in the finer end and easing by 10-20c/kg at the broader end, while cardings gained 6c/kg in the South.

Crossbreds recorded a mixed result on the flipside of the Merino fleeces, slipping toward 10c/kg for finer types and strengthening by more than 10c/kg for broader types.

Next week will see a larger offering, with 39,197 bales expected to be put forward.