Aussie wool prices continue to fall

It was a week in two parts, with very strong buying for Italy in Newcastle, but China remaining dominant over all centres.  There was good support from India and Korea, but support from Europe was more subdued, apart from the demand from Italy in Newcastle.

Sales will be held in Sydney, Melbourne and Fremantle next week, when 56,868 bales are currently rostered for sale.  Present estimates for the following two sales (Weeks 37 and 38) are 47,950 and 50,800 bales, respectively; an increase of 15.7% over the three sale period when compared with last year.

Australian Wool Industries Secretariat Inc