The physical wool auctions opened stronger from the record falls experienced last week, with price increases recorded across most categories.
Clearance rates were strong with 92% achieved. The AWEX Eastern Market Indicator (EMI) fell 4c on Tuesday and then had a small recovery on Wednesday rising by 2c to 1004c, or in US dollar terms down to 715c.
A total of 30,272 bales were offered this week with an 8.2% pass in rate. Majority of wool actually increased in value but a large drop in the cardings and oddments sectors resulted in the drop in the EMI.
Overseas interest from China and Europe, coupled with local exporters resulted in prices trending up with Merino fleece wool selling 10 to 20ac above last weeks level whilst crossbred wool was 5ac dearer.
Online Offer Board Results
The past week has seen the AuctionsPlus online offer board being used fairly consistently with a total of 268 bales sold.
Last week saw 16µ to 17µ micron fleeces sell up to 1000c greasy and 955c greasy or 1637c dry and 1380c dry. 18 to 19µ micron fleeces sold up to 845c greasy and 825 greasy or 1271c dry 1112c dry. Whilst 20µ to 737c greasy and 700c greasy or 1083c dry and 1080c dry.
The top price returned was for a lot of 15µ Merino fleece which returned 1228c greasy or 1878c dry.
This lot is 2% VM, 89mm in length and offered under the brand BROOKSDALE/F.
-AuctionsPlus