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Parkes Phoenix

Ostini Wool Weekly Market Update

December 6, 2018 By Maggi Barnard

On the back of last week’s large gains, this week’s market was a little mixed. Overall, best merino fleece lots remained
fully firm tending dearer, while good-average specification lots were harder to buy, which was also the case for the broader merino microns, which lost approximately 1%.

Merino skirtings gained 10-30 cents, with wools carrying less than 2% VM enjoying the largest gain. The carding market continued its upward trend (following on from the previous sale), leaving locks, stains and crutchings 10-25 cents dearer.

Strong demand resulted in 28 micron and finer crossbreds rising by 80-90 cents. Once again it was the better prepared lines that received the greatest support and as a result enjoyed the largest gain.

Next week is the penultimate sale before the annual three-week Christmas recess. Quantities are expected to increase, with 39,510 bales currently rostered Nationally.

Source:AWEX

Filed Under: Rural Round Up

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