Weekly Market Report
Mark Dyson, Managing Director
Wet weather impacts wool market
7 October 2016
The wool market picked up a further 10 cents per kilogram this week, as the Eastern Market Indicator closed at 1300c/kg clean.
The national offering was smaller than anticipated, thought to be impacted by the fact that wet weather has hampered shearing efforts in many areas.
A total of 36,849 bales were offered to the market, with 5.4 per cent passed-in.
Finer fleeces made some strong gains, particularly in the South, which saw increases nearing the 30c/kg mark.
The 18.5 micron guide came to rest 28c/kg higher at 1556c/kg.
In the medium micron range, gains were more modest at 1-15c/kg, with the 20 micron guide closing at 1412c/kg.
Skirtings were also well-supported, particularly the finer types, which firmed by up to 20c/kg.
Cardings closed the week 9c/kg higher, while the result for crossbreds was more mixed, with losses of up to 20c/kg in the finer end.
Next week will see another small offering, with 33,091 bales expected to be put forward to the market.