This week saw the total value of wool sold for the season surpass the billiondollarmark. It is the first time since 2002
that milestone has been achieved so early in the season (last season the billion-dollarmark was not achieved until
week 21on 24th Nov).
All types and descriptions in the merino fleece sector gained ground this week with prices generally rising by 10
– 40 cents, pushing the NRI up 16 cents to close the week at 1673. Notably, the NRI lost 12 cents in US dollar terms due to currency movement.
Skirtings & oddments also performed very well, prices generally rose by 20- 50 cents, the low VM types and wools
<17.5 micron enjoyed the largest gains. Locks, stains and crutchings came under intense buyer pressure, while the
large offering of lambs were irregular, although any lots <17.0 micron were dearer and in somecases extreme.
The crossbred market continued to lack buyer interest with prices generally 20-40 cents cheaper. Poorly prepared
lines continued to struggle, attracting the largest reductions.