With minimal movement recorded over the previous two sales, the market suffered corrections this week and by the final hammer, prices were generally
10-50 cents below those achieved at the previous sale. Hardest hit were the poorer spec types, while the limited selection of better style wools held up particularly well, recording very little change. The reduction in prices pushed the NRI down by 22 cents, however when viewed in USD terms, the NRI only fell by 1 cent.
Merino skirtings followed a similar path with prices were generally discounted by 20-50 cents. The large selection carrying >4% vm were most affected, while the lower VM lots were generally unchanged (all be it on a limited offering).
The crossbred sector performed with mixed results. General losses of 10-60 cents were recorded in the 25 to 28 micron range, whilst 32 micron managed
a 10 cent increase. The oddment market also recorded general falls of 10-30 cents, the exception being a small selection of new season washing lambs which were hotly contested and achieved extreme results.
Source AWEX