Merino wool price slips as crossbred recovers
MERINO wool prices slipped last week, as crossbred fibre continued its recovery.
There were 44,481 bales offered nationally, in the final sale before the Easter recess, with 7.8 per cent passed in.
For merino fleece the pass-in rate rose to 10.5 per cent.
The Eastern Market Indicator closed 6c/kg lower at 1772c/kg clean, and the Australian Wool Innovation market update pointed out this was 270c/kg, or 18 per cent, higher year on year.
“The larger offerings of mainly merino types allowed buyers to spread their purchasing and this saw a more price-sensitive strategy play out,” AWI said.
“All of the merino price guides between centres closed at levels remarkably similar and possibly the closest they have been all season.”
In the south, the 19–21 micron indicators lost the most ground, while the 28 micron indicator gained the most, rising 32c/kg to 871c/kg. According to Landmark, buyers sought lots with low vegetable matter and low mid-break, but were less interested in other lots at the Melbourne sale. “Crossbred wools enjoyed good demand on both days, rising by 20–30 cents over the week,” Landmark’s price report said.
TO MARKET: Peter Holmes with Edwina Bull and Alistair Holmes, who holds his son Humphrey. Children Camillla Bull, and Alex Bull are at front.