This week’s offering is estimated to exceed 50,000 bales in Sydney, Fremantle, and Melbourne, which again requires three selling days. With any luck the market will go into the annual Christmas recess with a positive price outlook for the 2024… Read More |
A combination of cyber attacks, strike action and rolling stoppages by workers at a large shipping company has had a substantial impact on normal wool market operations.
The negative impact created a bottleneck at the wharves, slowing the shipping of… |
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Merino Fleece led the charge with exporters opening the week with new orders that drove the price up 20-40c, with all merino MPGs affected.
Fine and superfine lots were the largest beneficiaries of the newfound buying vigour and the spinners… |
Crossbred Fleece came under some price pressure on Wednesday as the weekly national offerings begin to increase on the Eastern Seaboard.
Price falls of 22c and 15c were measured in the 28-30 MPG’s on opening, whilst some support at the… |
Whilst the current greasy wool market has found a temporary comfortable trading level for export the outlook seems to indicate a sustained recovery in the next 6 to 10 months.
Held stocks of greasy wool on farm and in brokers… |