The wool market eased slightly last week, with the AWEX Eastern Market Indicator down 17c on Tuesday then rising 11c on Wednesday to close out the week at 1144c/kg, or 844c in US dollar terms.
The market fluctuated throughout the week yet overall, saw very little change on the previous week. Several sectors were active this week with demand remaining strong for finer lots.
The pass in rate dropped again this week as buyer confidence increases, to 10.2%, easing 1.7%. A highlight for the week saw daily auction room lot limits lifted enabling more wool to be offered each day in the physical market.
Online Offer Board Results
The AuctionsPlus online offer board sustained its steady sales, will a total of 250 bales sold for the week although prices were strong. 16µ micron wool sold to a top of 1450c/kg greasy, or 2161c/kg dry.
A total of 86 bales of 19µ micron wool were sold to a top of 985c/kg greasy, or 1343c/kg dry. The top priced lot was 16µ micron Merino Fleece AAASUP wool which sold for 1450c/kg greasy or 2161c/kg dry.
This lot is “BROOKSDALE/F” branded with 2% vegetable matter, 83mm in length and was offered by Elders Ltd – Victoria.