Buyers for China dominated this week's sale, with support from India and Europe
Sales will be held in Sydney, Melbourne and Fremantle next week, when 47,406 bales are currently rostered for sale. 53,300 bales are estimated to be offered in the next sale (Week 43), which is the first sale after the Easter break.
There were no sales in South Africa this week.
The latest National Wool Production Forecast was released late last Friday. Production has been revised downwards from 370 mkg in the December forecast to 355 mkg and 10.1% below last season. It is expected to move down even further to around 335 mkg next season.
Australian Wool Innovation
marketing@alchempro.com
