The wool market performed in a more subdued manner last week and despite the slight increase in quantity, competition remained high. The main interest centred around wools with low mid break & CVH results, while the opposite was true for the large volume
of lots with high mid breaks (which were heavily discounted and played a significant role in the movement of the Micron Price Guides). Overall the NRI retraced 16 cents to close at 1893, however when viewed in USD terms it recorded an 11 cent rise to close at
1502.
The crossbred sector out-performed the merinos, with general price rises of 5 – 15 cents across the board. Buyer interest was again centred on the better prepared lines, earning these wools the greatest price increases. The oddment sector was mixed, with the Eastern Markets gaining some ground while the Western region lost some. As a result the three carding indicators reducing by an average of
9 cents.
Source AWEX