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Australian Wool Sales Still Roaring

10 June 2015

AUSTRALIA – Wool prices set new record highs or extended new record levels in the Australian wool market last week.

Merino product broader than 22 micron, crossbred types and most carding bids all set new records, according to the weekly report from Australian Wool Innovation.

While Chinese buyers remained “keen and active”, AWI noted slightly less force. Most Chinese orders and interests were still bought.

The AWI report said: “All Merino types were strongly sought throughout, with price gains of 70 to 90ac/clean kg being achieved. A few better top making and spinners style, high strength super and ultra fine fleece types on offer gained upwards of 125ac/clean kg, with the 15 to 16 micron area most affected.”

However, questions are being asked about supply shortfall by many exporters. Australian wool auctions have offered seven per cent more this year.

The report concluded: “Next week all three Australian centres are rostered to sell and just shy of 36,000 bales will go under the hammer.

"The expectation is of a fully firm market with possibly a few holes starting to appear as urgent requirements are filled. South Africa will hold their final sale next week prior to their 2 month recess, then the full focus will be on Australian market.”

Michael Priestley

Michael Priestley
News Team - Editor

Mainly production and market stories on ruminants sector. Works closely with sustainability consultants at FAI Farms.