With all three centres in operation for the last sale of the season 31,784 bales were on offer. Some of the heat left the market on the back of the larger offering (compared to recent sales) and the notable gains made in recent weeks. The correction left the NRI 22 cents cheaper, closing at 2056, however despite the reduction, the NRI rose 489 cents (31%) for the season, which is the largest seasonal increase since 2011.
The finer microns were the hardest hit, resulting in 18.5 micron and finer generally falling by 20-40 cents. 19.5 to 20 microns were less affected, closing 10-20 cents easier, while a limited offering of 21 micron and broader managed to post increases of 5-10 cents, pushing the 21 MPG further into record territory.
The crossbred sector lost 5-20 cents, with 30 micron and broader less affected, while the limited supply of oddments was also slightly easier.
43,232 bales are rostered for the first sale of the 2018/19 season (as sellers wanting to sell into the new financial year enter the market).
Source: AWEX