The final sale of the calendar year saw quantities increase ahead of the recess. 46,003 bales were offered to the trade, and with buyers aware that it was their last major buying opportunity for the year, they fought hard to secure meaningful quantity. The result was price increases across the entire merino offering, with all types and descriptions enjoying gains.
The lift in prices pushed the NRI up by 9 cents, to close at 1906 for the series. The skirtings did not record any significant movement for the series, prices fluctuated within 10 to 15 cents of the previous week’s levels. Crossbred wool coarser than 28 micron recorded modest increases, while the oddments
finished the year with price reductions.
Prices for locks, stains and crutchings were generally reduced by 30-50 cents.
The market now heads into the annual three week Christmas recess. Sales will resume in the week beginning Monday, 7th of January (Week 28) with selling in all three centres.