This week’s market opened on a positive note and continually strengthening all the way to the final hammer. Day one saw the individual Micron Price Guides (MPGs) rise by 10-31 cents in the East and by 35-49 cents in the West. Sydney did not sell on day two, however the market continued to rise in Melbourne (albeit modestly when compared to the solid gains achieved on the first day).
The Melbourne MPGs rose by 10-34 cents, on day two, while Fremantle continued to strengthen with their MPGs adding another 26-36 cents. In a rare turn of events the Fremantle MPGs for 19.5 through to 21.0 micron are sitting above those of the Eastern Centres. Day two also saw the crossbred mar- ket perform better than in recent weeks, with 10-32 cents added on day two in Melbourne.
28,152 bales were put before the trade this week, next week’s offering is forecast at 39,446 bales.