The national wool offering saw a marginal increase in the number of bales offered last week, with a total of 48,971 compared to 46,622 the week prior.
The AWEX Eastern Market Indicator rose by 9c on Tuesday and a further 6c on Wednesday, seeing the selling week close out at 1,300c, representing a proportional increase of 15c from last week’s figures or 989c in US dollars.
Despite an increase in offerings and prices, the passed in rate for this week was 9.6%, remaining steady to the weeks previous.
Global trade complications and consumer access are pushing retail prices upward, a potential aid to the past week and predicted future weeks of the wool trade.
With a break in sales for the Easter weekend, a prediction of over 50,000 bales is scheduled for the upcoming selling week thereafter.
The AuctionsPlus offer board saw an increase in bales sold from 318 to 434 bales for the period. The finer 17µ and 18µ micron wool were in demand this week, which saw 77 and 99 bales sold, respectively.
The 17µ micron wool sold to a top of 1,500 c/kg greasy or 2,019 c/kg dry, whereas the 18µ micron wool sold to a top of 1,260 c/kg greasy or 1,662 c/kg dry.
The top priced lot online was a superfine 15.6µ micron Merino AAAFMSUP fleece wool, selling for 1,750 c/kg greasy or 2,468 c/kg dry.
This lot was 92mm in length, was 0.1% vegetable matter, was offered by Elders – Victoria and is “ST QUENTIN/LISMORE” branded.