Weekly Market Report

Mark Dyson, Managing Director

Mark Dyson

Wool market sees slight increase

The wool market stayed true to recent form this week, but finished on a more positive note with the Eastern Market Indicator (EMI) gaining four cents per kilogram to see 1251c/kg clean.

An offering of 45, 873 bales went under the hammer, with yearly totals sitting at 10 per cent less than the same period last year.

The passed-in rate for the week came in at 7.1pc.

While the majority of fleece types recorded gains for the week, albeit some quite minor, there were also a couple of small price stumbles for finer types.

The first of these was in the finer end of the catalogue, with the 16.5 micron guide shaving off 4c/kg to close at 1507c/kg, while the 17 and 18.5 micron price guides both gained 6c/kg, to see 1497c/kg and 1449c/kg respectively.

In the broader fleeces, the 20 and 21 micron guides saw increases of 11c/kg and 10c/kg.

Skirtings also found strong buyer support during the sale, seeing slight gains, while cardings remained firm at 1114c/kg.

A large offering in the Crossbred catalogue added pressure, pushing prices down by as much as 11c/kg.

Next week is the last sale before the festive season officially commences, with 44,669 bales expected.