This week saw the small offering of good style wools attract excellent competition, resulting in minimal losses for those types. However, a large part of the offering consisted of lower style wools, which buyers once again struggled to average into their orders. As a result, those types ended the week, 20-40 cents lower, which was the driving force behind the losses recorded in the individual MPGs.
The AWEX NRI fell by 20 cents, to close at 2007. However due to the strengthening of the Australian dollar it closed 3 cents dearer when viewed in US dollar terms. The skirting market behaved similarly to the fleece, better style lots with less than 3% VM were keenly sought after and were generally only 20-30 cents easier. Buyers were less keen on the lesser style wools and lots carrying in excess of 5%vm, leaving those types 50-80 cents cheaper. The crossbreds defied the trend and managed to record small gains of 10-20 cents.
Source: AWEX