Weekly Market Report

Mark Dyson, Managing Director

Mark Dyson

Market Loses Ground

Despite the Fremantle region resuming sales after a one-week recess helping to push the national offering up to 28,140 bales, the Australian wool market recorded further losses in week 50.

With lesser style wools and those with poor additional measurement results losing buyer support and continuing to lose ground, generally selling 50 – 90 cents below the previous week, the Eastern Market Indicator (EMI) lost 41 cents for the week to close at 1,823 cents per kilogram clean.

The crossbred sector also recorded losses of generally between 20 – 30 cents, with the poorly prepared lines being most affected as buyers focused on the better wools.

The oddments were also discounted, with most types and descriptions falling by 20 – 30 cents, as reflected in the three carding indicators which fell by an average of 20 cents.

The Fremantle region will have another one-week recess in Week 51, and as it currently stands there is 19,745 bales rostered for sale, with selling in Sydney and Melbourne only.