Finer wool fares best in EMI - Week Commencing 12/3/2018

Week commencing 12/3/2018

Finishing the week at 1,778c/kg the Eastern Market Indicator lost 52 cents over the three days of selling.

A national offering of 45,536 bales had a pass in rate of almost eleven percent with Merino fleece categories registering the highest rate.

In Sydney, most Merino categories lost 10 to 50 cents clean, with buyers becoming very selective on poorer quality lots.

Will Chaffey, District Wool Manager, Central West NSW. Photo: Belinda Soole.

Will Chaffey, District Wool Manager, Central West NSW. Photo: Belinda Soole.

Finer wool fared the best with 17 micron indicator losing 24 cents at 2,802c/kg as the 19 micron indicator lost 51 cents clean, finishing the week at 2,085c/kg.

The 21 indicator softened 41 cents to 1,887c/kg and the Merino Cardings indicator followed the theme by losing 20 cents at 1,319c/kg on a nominal offerings.

Read more at the www.westernmagazine.com.au

Volume buyers of Merino fleece bales this week were Seatech with 16 per cent purchased, while Tianyu collected 17 per cent of the Merino Skirting bales that were sold.

This week is a smaller offering with 43,894 bales up for auction nationally across the three selling centres over the usual Wednesday – Thursday selling days.

Sydney will host 10,546 bales while Melbourne will offer 23,591 bales in the South and Fremantle will be offering 9,757 bales in the West.