The Australian Wool Market increased slightly against the rising US exchange rate, finishing the week 0.2 percent higher, on average, at sales in Sydney, Melbourne and Fremantle.
The AWEX EMI was unchanged, ending the week at 825¢/kg clean. This reflected a decrease of 5¢ ( 0.6 percent) in the North and an increase of 5¢ (+0.6 percent) in the South, with their corresponding Regional Indicators finishing the week at 847¢ and 807¢ clean respectively.
The Western Indicator increased by 6¢ (+0.7 percent), finishing the week at 829¢/kg clean.
The Market Indicators remain well above their levels of eight weeks ago, with the EMI and the Northern, Southern and Western Indicators being up by 84¢, 81¢, 87¢ and 112¢, respectively.
21 to 23 average Micron Indicators are now up by 136 to 150¢ over the period and by 105¢ for 24 micron wools. At the fine end, the changes are 9¢ for 17 micron wool, 35¢ for 18 micron wool and around 85 to 105¢ for 19 to 20 micron wool.
67,410 bales were on offer (compared with 62,662 last week), of which 11.4 percent were passed in, comprised of 11.2 percent in Sydney, 10.5 percent in Melbourne and 14.4 percent in Fremantle. Pass in rates for Merino fleece and skirtings were 11.4 percent and 10.6 percent respectively.
3,271 bales (4.6 percent) were withdrawn prior to sale and re-offered wools made up 13.1 percent of this week's offering.
The US exchange rate was 0.16¢ higher on Monday when compared with Thursday last week. It increased by 0.13¢ on Tuesday, decreased by 0.04¢ on Wednesday and increased by 0.16¢ on Thursday to close at 78.91¢, up 0.41¢ (+0.5 percent) since the last sale and at its highest level for the season.
marketing@alchempro.com
