Merino Fleece opened immediately cheaper, with the large Australian trading exporters sitting back waiting for a price basis to be established by the commission indents buyers and large Chinese processors to set the tone.
Ironically, the large Chinese processors were… |
Crossbreds found new vigour with rises of 10-37c measured, and consequently the pass in rate reduced from the pre break levels of 20+% to around 10%.
New business seems to be emerging for the 26-29 μ FNF fleece in China… |
The AWEX EMI concluded at 1,179 cents, an increase of 17 cents, in the auction sales held in Australia last week as it was the final sale before the customary three-week mid-year recess.
The market exhibited a positive trend, with… |