Weekly Market Report

Mark Dyson, Managing Director

Mark Dyson

Wool season ends on high

The wool market finished the 2015/16 season on a strong note, adding 12 cents per kilogram to the Eastern Market Indicator (EMI) to see 1297c/kg clean.

Comparatively, the EMI closed just over five per cent higher than last season’s end result, with the overall offering for the season ending up almost 8pc lower.

The weekly offering was 28,865 bales, of which 7.2pc was passed-in.

The market tracked similarly to last week’s sale, with medium to broader types picking up the most attention from buyers.

The 21 micron price guide gained 20c/kg in the South, closing at 1444c/kg, while the 19.5 micron guide finished at 1470c/kg after an increase of 18c/kg.

Finer types also finished stronger, generally firming by 5-10c/kg.

Merino skirtings followed the trend and gained slightly, as did cardings, picking up by 1c/kg in the South.

It was a mixed result again for crossbreds, with gains of up to 13c/kg but also loses of 21c/kg.

Next week will see an estimated 38,265 bales offered to the market.