Weekly Market Report

Mark Dyson, Managing Director

Mark Dyson

Wool market continues climb

The wool market had another positive session this week, with the Eastern Market Indicator (EMI) closing 46 cents per kilogram higher at 1304c/kg clean.

Hitting the floor were a total of 28,515 bales, with only 1.1 per cent of those passed-in.

This week also saw the Australian dollar gaining US.61C against the greenback since the last sales, equating to a 42c/kg rise in US currency.

Again, solid gains were recorded across the catalogue and in the finer end ranged from 45-81c/kg.

The 19 micron guide closed 81c/kg higher at 1480c/kg.

In the medium micron fleece offering, prices were up by 70-83c/kg, with the highest rise seen in 23 micron guide which came to rest at 1381c/kg.

Merino skirtings also performed well and closed 30-50c/kg higher, which cardings gained 14/kg.

Gains in the crossbreds sector were more modest at 13-15c/kg.

Next week’s sale will see an estimated 31,332 bales go under the hammer.