Weekly Market Report

Mark Dyson, Managing Director

Mark Dyson

Further gains in wool market

The wool market rallied again this week, with the Eastern Market Indicator (EMI) gaining a further 12 cents per kilogram to see 1239c/kg clean.

A total of 43,508 bales were offered to the market, with 6.2 per cent passed-in.

Buyers showed strong interest in the Merino fleece sector once again, which boosted the overall result, although there was particularly strong demand for the better types.

The finer Merino fleeces gained 13-22c/kg, with the 17.5 micron guide closing at 1481c/kg.

In the medium to broader types, increases were similar and ranged from 14-21c/kg, with the 21 micron guide coming to rest at 1345c/kg.

Merino skirtings followed suit, picking up 10-20c/kg while crossbreds had a tougher run, with some small gains but also some small losses.

Merino cardings finished the week 5c/kg stronger in the south, at 1096c/kg.

The market will resume in one week after a recess for Easter, when an estimated 54,225 bales will be offered.