Weekly Market Report

Mark Dyson, Managing Director

Mark Dyson

New season but prices continue to ease

The 2015/16 wool season kicked off rather sluggishly this week, with the Eastern Market Indicator shedding another 32 cents per kilogram to rest at 1231c/kg clean.

A total of 47,357 bales hit the floor, with 10.5 per cent passed-in.

In similar fashion to last week, micron ranges across the catalogue took a hit but thankfully not to the same extent.

The finer end of the spectrum dropped 14-25c/kg while the medium micron range finished the week 3-23c/kg lighter.

Merino skirtings had a rough ride with the finer types losing around 70c/kg and cardings closed down 39c/kg to 1059c/kg.

Crossbreds continued the trend and fell 22-47c/kg, with the biggest loss in the 26 micron guide which closed at 1063c/kg.

Next week 42,000 bales are set to go under the hammer, which will hopefully generate good buyer interest as a three-week recess will follow.