Exporter sentiment remained subdued pre-sale, with limited reports of new business. This cautious tone translated into softer prices for a large share of Merino offerings, the Australian Wool Innovation (AWI) said in its commentary for week 1 of the current wool marketing season.
Crossbred types were the clear highlight, appreciating by 15 to 25 Australian cents as demand surged. Mid-micron Merino wools declined around 15 cents, while finer-than-18-micron and broader-than-20-micron categories gained between 5 and 15 cents. Carding wools also rose by approximately 5 cents, the AWI commentary added.
China’s top makers led buying activity in the Merino segment, supported by a major trader, while traders dominated purchases in other wool types.
Next week, approximately 29,000 bales are scheduled for auction across all selling centres.
ALCHEMPro News Desk (KD)
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