 Merino Fleece was a well supported market with much competition as demonstrated with a selling rate of 90% and the better styles had heavy competition on Wednesday and held firm on Thursday across the selling centres.
VM has been a big driving factor for competition with the lower VM lots gaining a 20c premium. Lots finer than 17 microns have been neglected and harder to sell however it is only a matter of time before this is noticed and buying becomes competitive again. The AWEX EMI Closed 1302c up 13c at auction sales in Australia last week with a positive flow throughout the market, after two consecutive weeks of a falling market. Auction sales opened Wednesday to accommodate the ANZAC day public holiday on Tuesday. National offerings dropping by 14,446 from the early estimates with a total of 38,505 being offered, largely due to late withdrawals from the seller! This sizeable drop in the offering pushed up the clearance rate to 90.8%. |
| Merino Skirtings have held firm this week across all MPGs with well prepared & cott free lots seeing highest competition. Lots containing high VM of 5-8% are selling at lower prices.
Crossbreds seen a little to no change with the better prepared lots seeing the best competition. Lots containing no colour and skirted will continue see better results. Merino oddments saw locks lose ground dropping 4 cents, crutching’s however have held firm. -Marty Moses |