The wool market remained relatively firm last week, dropping 9c across the two sale days. The AWEX fell 3c on Tuesday and then a further 6c on Wednesday, to close the week out at 1150c, or in US dollar terms 846c.
Peak woolgrower representative body, WoolProducers Australia (WoolProducers), is urging sheep producers who are purchasing stock to ensure the biosecurity credentials of the animals before receival.
An overall price rise was experienced in the physical wool market last week which traded on Wednesday and Thursday due to the Melbourne Cup subsequently pausing the wool market.