Weekly Market Report

Mark Dyson, Managing Director

Mark Dyson

Wool prices on the up

The wool market saw another cracker this week, continuing last week’s solid run the Eastern Market Indicator (EMI) gained a further 45 cents per kilogram to close at 1250c/kg.

Good buyer support for Merino types saw most of the 42,178 bales sold under the hammer, with only 2.7 per cent passed-in.

While weekly volumes are on the increase, they are still almost 8pc less than the same period last year, and are expected to stay that way for the next few sales which has raised some concern.

Most micron types experienced a decent price surge of more than 50c/kg, with the biggest jumps in the finer end of the catalogue.

The 18 micron price guide was up by 79c/kg to 1490c/kg, while the 16.5-17.5 micron spectrum broke the 1500c/kg barrier, after increasing by 64-76c/kg.

In the medium types, the 19.5 micron price guide gained 73c/kg to rest at 1366c/kg, with the remainder up by 53-65c/kg for the sale.

Skirtings continued the trend to see an increase of 50c/kg, while the cardings saw a more moderate rise, closing 12c/kg firmer.

Crossbreds found good support, advancing by 21-44c/kg with the 25 micron price guide coming to rest at 1120c/kg.

Next week an estimated 43,172 bales will hit the floor, which includes a designated superfine sale.