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Parkes Phoenix

Ostini Wool Weekly Market Update

September 6, 2018 By editor

Thursday’s Melbourne sale was postponed by one day, due to a warehouse fire near the selling facility, making it one of only three Friday sales in the history of AWEX (since 1995).

The market increased progressively over the series, resulting in rises of 10-50 cents for Merino types, leaving the NRI 28 cents dearer for the week.

The designated Superfine sale in Sydney saw significant premiums being paid for Spinners styles and high nkt types in the ultrafine range.

Merino Skirtings were in similar demand, particularly the well-classed better types with low vm and good length. The smallest Crossbred catalogue for the season saw prices firm by around 10 cents over the three days. Merino Carding types also added to their recent gains with further rises this week. Improvements of 40-60 cents pushed all three Merino Carding Indicators into record territory, beating the previous benchmark made in January.

Source:AWEX

Filed Under: Rural Round Up

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