Week 48 saw the market rebound as buyers fought hard to secure meaningful quantity, on a relatively small selection, resulting in a 91.5% clearance rate
The small offering coupled with strong demand, helped push merino fleece prices 40-80 cents higher. The skirtings market followed suit recording increases of 40-60 cents. After the large losses experienced at the previous sale, the crossbred sector also managed to bounce back. The entire crossbred range generally rose by 40-60 cents. Main buyer focus was on the better prepared lines and these wools enjoyed the largest increases.
The oddments also recorded strong positive movement, locks in particular came under intense pressure, as multiple exporters competed on a limited quantity, pushing prices up by 30-40 cents.
Next week will see 23,619 bales offered nationally, and if the forecast proves accurate, it will be the smallest national offering in over two years.
Source: AWEX