Weekly Market Report

Mark Dyson, Managing Director

Mark Dyson

Wool market dips again

This week was another tough one for the wool market, with the Eastern Market Indicator closing 10 cents per kilogram lower at 1221c/kg clean.

The falls weren’t as big as those seen in the last month however and some micron sectors even gained ground or stabilised.

A total of 39,858 bales were offered to the market and 8.7 per cent was passed-in.

The finer end of the catalogue still felt the heat, losing 22-43c/kg with the 16.5 micron guide resting at 1471c/kg.

The medium micron range preformed slightly better, shedding 4-21c/kg although the 23 micron guide held ground at 1268c/kg.

Merino skirtings firmed, while crossbreds saw a solid gain of 16c/kg in the broader end and a loss of 7c/kg in the finer offerings.

Merino cardings closed 15c/kg lower to rest at 1044c/kg.

The market is now on a three-week recess, with sales to recommence nationally in the first week of August.