The NRI suffered more losses this week, with a further 24 cent reduction. As is often the case in a falling market, buyers became more selective in their purchase. Wools with very high-mid breaks (>75% in particular) were heavily discounted as buyers struggled to average them into their purchases. Inversely, any lots possessing mid-breaks of less than 40% attracted significant premiums and in
some cases sold at levels very close to those achieved at the previous sale. In general terms 20micron and finer lost 40-60 cents, while the broader microns were less affected with losses of 20-40 cents more common.
After being the only sector not to suffer corrections last week, the crossbreds market succumbed to the easing trend this week, with all types and descriptions across the entire spectrum recorded general losses of between 10 and 20 cents (with the poorly prepared lines suffering the greatest reductions).
The oddment market continued its downward trend, losing ground for the fourth consecutive week, with prices generally 10-30 cents cheaper.
Source AWEX