Wool mar­ket back in black

Countryman - - WOOL - Bob Gar­nant

Dual-pur­pose Dohne sheep wool filled the bales for the Hag­boom fam­ily, of South Dow­erin, and the mar­ket was kind last week at the Western Wool Cen­tre.

En­joy­ing the school hol­i­days, Gavin and Amanda Hag­boom, their sons Ash­ton, Fraser and Ri­ley and Gavin’s fa­ther Colin, all wit­nessed a par­tial sale (57 bales) of their R-2H/Ri­d­ley clip sell through Land­mark to a top of 1164c/kg greasy for a line of 18.5 mi­cron wool with a yield of 60 per cent.

Though fac­ing a tougher sea­son this year, Gavin said the goal was to run more sheep on the 65:35 crop/ sheep en­ter­prise.

“The rain just didn’t fall at the right times this year when the tim­ing of weather is so crit­i­cal with pas­ture and crop growth,” he said.

The Hag­boom fam­ily run a 2500 Chirn­iminup blood Dohne com­mer­cial flock which works in with their Ser­radella seed pro­duc­tion.

“Sheep are a bet­ter risk man­age­ment, par­tic­u­larly when we are faced with a below-av­er­age crop­ping sea­son,” Gavin said.

AWEX said strong buyer com­pe­ti­tion helped push the Aus­tralian wool mar­ket back into pos­i­tive ter­ri­tory last week.

In­creases were seen in all three sell­ing cen­tres with the Western Mar­ket In­di­ca­tor lift­ing by 38c/kg to close at 1608c/kg clean. The East­ern Mar­ket In­di­ca­tor rose by 28c/kg to close at 1550c/kg clean.

The Land­mark Wool Weekly re­port stated re­newed buyer ac­tiv­ity saw the Aus­tralian wool mar­ket record a strong rise last week, re­vers­ing the re­cent drift lower.

“Prices for Merino wool across the mi­cron range en­joyed sig­nif­i­cant gains, but prices for broader cross­bred wool fell back,” the re­port said.

“Af­ter fall­ing the pre­vi­ous week, the Aus­tralian dol­lar stead­ied at US78c.

“Fre­man­tle recorded the strong­est price gains of the three sell­ing cen­tres when it opened on Wed­nes­day. Prices for fine Merino wool rose by 25c to 35c/kg while the medium Merino lots gained 20c to 30c.”

De­spite the fall and now re­bound in wool prices, Na­tional Coun­cil of Wool Sell­ing Bro­kers of Aus­tralia ex­ec­u­tive di­rec­tor Chris Wil­cox said the vol­ume of wool ex­ported was 11 per cent higher in the July to Au­gust pe­riod com­pared with the same pe­riod in 2016, while the value of ex­ports jumped 21 per cent.

“The largest in­creases in the vol­ume of ex­ports were seen in the Czech Repub­lic (+20 per cent), Malaysia (+72 per cent), Bul­garia (+463 per cent), Thai­land (+19 per cent) and China (+10 per cent),” he said.

“The in­crease in the first two months has pushed the ex­ports on a 12-month rolling ba­sis higher, con­tin­u­ing the trend seen since Au­gust 2016.”

Mr Wil­cox said the vol­ume of ex­ports had lifted af­ter hit­ting a low point, but would be held back by the avail­abil­ity of wool this sea­son as it will need to be fed al­most en­tirely by new pro­duc­tion.

“In the 12 months to Au­gust 2017, the Aus­tralian dol­lar value of wool ex­ports from Aus­tralia to­talled $3.24 bil­lion, the high­est 12-month to­tal since June 2003,” he said.

Pic­ture: Bob Gar­nant

South Dow­erin wool­grower Colin Hag­boom (cen­tre) son Gavin (left) and grand­sons Ash­ton, Ri­ley and Fraser, and Land­mark wool agent Cameron Henry, cel­e­brate the R-2H/Ri­d­ley wool­clip, which sold to a top of 1164c/kg greasy.

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