Just over 29,000 bales were offered in the final sale of the season. End of year figures show an overall reduction of 225,182 bales offered, compared to the 2017/18 season, a fall of 11.9%.
The market opened softer and then continued to drop as the week progressed.
Better style wools were generally 70-100 cents easier, while the lesser style wools were even harder hit, up to 150 cents cheaper. The NRI fell by 58 cents, finishing the season at 1,731 and has now suffered the second highest monthly fall since the end of the Reserve Price Scheme (losing 178 cents in June).
The skirtings also dropped sharply, generally losing 50-100 cents, with higher VM wools most affected. Crossbreds generally eased by 30-50 cents.
The first sale of the new season is traditionally a larger sale, as growers looking to sell in the new financial year take the first opportunity. This year however, the sale is smaller than normal with 34,504 bales currently rostered.
Source: AWEX