Due to the diminishing supply of better wools, good style lots again attracted excellent buyer support, selling at levels
very similar to those achieved at the previous sale. However, the inferior / lower yielding wools, were discounted as buyers struggled to average them into their purchases. The result of these discounts saw overall reductions in the individual MPGs, which in turn pushed the AWEX NRI lower.
Due to seasonal conditions the amount of fleece wool yielding less than 60% continues to rise. A report compiled by AWEX highlights that in previous drought years the volume of low yielding wools peaked in mid-April. This being the case, history shows that the amount of low yielding wools will continue to rise over the next four weeks.
The crossbred market defied the trend of the merino sectors, with strong buyer activity pushing prices higher, with the better prepared lines enjoying the largest increases. Oddments on the other hand had another tough week, shedding 36 cents on average.