Merino wool prices rose by 10 to 20 Australian cents (ac), with high-quality lots fetching 30 to 40ac more. In contrast, lower-end types were 0 to 10ac dearer. Chinese top makers led buying activity, supported by traders and stronger China indent demand, likely reflecting hesitancy in long-term commitments due to low volume and inconsistent quality, the Australian Wool Innovation (AWI) said in its commentary for week 51 of the current wool marketing season.
European demand for Responsible Wool Standard (RWS) certified wool continued to command significant premiums, particularly in the 18 to 21 micron category, with some lots selling up to 150ac above standard types, the AWI commentary added.
Crossbred wool performed solidly, with 28–30 micron types gaining 15ac (3.5 to 4 per cent), and finer varieties rising by 5 to 10ac. Coarser types also edged up by 5ac, while carding types posted gains of up to 10ac/clean kg.
Next week’s auction will see over 32,600 bales offered across all three selling centres.
ALCHEMPro News Desk (KD)
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