Merino wool price slips as cross­bred re­cov­ers

The Northern Star - Northern New South Wales Rural Weekly - - News -

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.

PHOTO: DANNIKA BONSER

TO MAR­KET: Pe­ter Holmes with Ed­wina Bull and Alis­tair Holmes, who holds his son Humphrey. Chil­dren Camil­lla Bull, and Alex Bull are at front.

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