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… |
Merino Fleece traded strongly with the 17.5 and finer MPG’s adding up to 23c dearer. The 18 MPG posted a 23c loss in Sydney this week, however this may have been a weekly selection adjustment in Sydney, as both the… Read More |
The upswing in the wool market was welcome news in a sea of global negativity over the past few months. There were 39,157 bales offered, with 95.3% of the offerings cleared for trade, marking the best clearance in 12 months.… Read More |
Merino Fleece exhibited overall weakness and despite movements in the Northern MPG last week, exporters reported higher demand for 17μ fleece compared to their slightly coarser 18μ counterparts.
Although reports of poor demand in this range may seem perplexing, it… |