Australia's first organic wool sale held in Melbourne has witnessed prices rocketing and some fleeces have got 50 cents per kilogram more against non-organic wool.
Riding on price boom, 300 bales belonging to South Australia, New South Wales, Victoria and Queensland have already been auctioned so far.
Buoyed by this, more organic auctions are in the pipeline, informed Michael Blake, spokesman for Elders.
He revealed that bidding by two of the biggest buyers had taken the prices beyond normal market levels. He informed that finer wool fetched value which was 50 cents or more.
While middle microns fetched 30-50 cents above normal rate, the coarser microns got 35-45 cents more than the normal.
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