Early sell­ing sees softer re­sult

The Northern Star - Northern New South Wales Rural Weekly - - RURAL CRIME -

AN EAR­LIER sell­ing sched­ule saw no boost to the wool mar­ket last week. The Eastern Mar­ket In­di­ca­tor fell 54c/kg to close at 2013c/kg clean.

Mel­bourne started the sell­ing week on Tues­day in an­tic­i­pa­tion of the AFL Grand Fi­nal pub­lic hol­i­day, lead­ing falls of up to 56c/kg across all mi­cron in­di­ca­tors.

The mar­ket con­tin­ued to give up ground through­out the week, with the su­perfine mi­cron range tak­ing the big­gest hit na­tion­ally.

In the south, the 16 and 17 mi­cron in­di­ca­tors dropped 67c/kg and 71c/kg, re­spec­tively, as buy­ers were not pre­pared to pay pre­mi­ums for well-mea­sured wool.

In the north, the 18 mi­cron-in­di­ca­tor had the largest de­cline of 75c/kg to land at 2615c/kg and in the west, the 19-mi­cron in­di­ca­tor fell 77c/kg to 2322c/kg.

El­ders dis­trict wool man­ager El­liot Lind­ley said the mar­ket was softer over­all be­cause of a re­peated rise in the Aus­tralian dol­lar.

“China backed off a bit, leav­ing fewer in­quir­ing in the su­perfine range,” he said.

PHOTO: FILE

COOL­ING MAR­KET: Prices for su­perfine wool took the big­gest hit last week, with Chi­nese buy­ers de­terred by a steadily ris­ing Aus­tralian dol­lar

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