Changes in the EMI and Southern Indicators are partly confounded this week by the offering of Launceston wool on Wednesday, when it made up 24 percent of the Southern offering.
Buyers have to allow for the additional freight cost of bringing the wool to Melbourne for shipment.
The trade assessed this week as a good market, which was not fully reflected in the average Market Indicator values. Good Merino fleece types were in strong demand with increases of 13 to 59¢ in the 16.5 to 17.5 Micron Indicators in the South. Better skirting types sold strongly.
Movements in the crossbreds varied between the North and the South, but both tended to finish the week on a similar basis to last week. Oddments were generally easier on Wednesday, but firmed yesterday.
Buyers for China, and the topmakers were dominant with support from Italy for the better fine wools.
Sales will be held in Sydney, Melbourne and Fremantle next week, when 62,761 bales are currently rostered for sale.
The current forecasts over the following four weeks show likely offerings of between 61,000 and 63,000 bales, except for Week 13 when there is no Fremantle sale.
These quantities are up on last year, but this probably reflects the drier conditions experienced this year.
In South African sales this week, their market was quoted as 1.7 percent up on the basis of strong demand and a weaker Rand.
Australian Wool Innovation Limited
marketing@alchempro.com
