After the rises and falls of recent sales, the Wool Market had an uneventful week leaving the NRI to close 9 cents dearer at 1599. Noticeably the gradual increase in high mid break wools has left those types attracting more significant discounts, especially in the finer microns. Conversely, any lots low midbreaks are attracting higher premiums as buyers attempt to average down their purchases.
The skirting market had a mixed week, with gains of 10-20 cents on the first selling day, being completely eroded on the second. While the crossbred sector experienced losses, with the poorly prepared lines suffering the largest drop in price. The oddment market was the best performing sector for the second consecutive week, with all three carding indicators rising by an average of 26 cents.
Next week will see an unusual selling pattern, with Melbourne offering on Tuesday and Wednesday to accommodate for a Public Holiday on Friday, while Sydney and Fremantle will offer on Wednesday and Thursday as per normal.