Pandemic wreaks havoc on wool market
The global pandemic is well and truly wreaking havoc on the wool market as a high level of uncertainty and very little direction as to when life will return to normal causing low demand.
Sheep
Wool, lamb, and Merino genetics, covering what's shaping Australia's sheep industry.
Gradual downturn in overall wool production
Bales offered continue to drop, with 23,000 available in the auctions last week. The low supply did nothing to stop the drop in the EMI, finishing the week down at 1225c, down 47c or 3.7%.
Demand for merino ewe lambs remains strong at $281
Merino ewe lambs sold from $135 to $281. Whilst the offering saw a correction on previous high prices, demand for the category was favourable, achieving a 90% clearance.
Merino ewe lambs hot property at $321
Merino ewe lambs increased by $16 to average $239, selling from $145 to $321.
Wool market holding ground
The wool market appears to be holding somewhat firm on the shaky grounds COVID-19 has caused.
Growers to have say on WoolPoll review
Woolgrowers and other key wool industry stakeholders will have the opportunity to contribute their ideas to improve the WoolPoll voting mechanism.
New resource for footrot prevention
Information available to woolgrowers about footrot has been boosted by the launch of two new resources: the South Australian version of ‘Footrot: A guide to identification and control in the field’, and a website by University of Sydney.
First cross ewes in high demand to top at $444
First cross ewes were again in high demand hitting the 100% clearance. Prices ranged between $172 and $444 to average $370, up $69 on last week.
First online wool auction by AuctionsPlus
The EMI finished week 42 at 1292c, down 9c on the previous week. The positivity that crept back in on the previous week was essentially erased.
Restockers chase Merino ewe lambs to $256
There were 1,499 Merino ewe lambs offered last week on AuctionsPlus and they sold between $137 and $256, averaging $194, down $18 from the previous week.
Wool market has first bullish period in weeks
The impact of COVID-19 on the Australian wool market appears to have slowed for the time being.
Study finds residue incidence in wool is low
Studies funded by AWI clearly show that the incidence of agricultural chemical residues in Australian greasy wool is very low.
