Weekly Market Update
Last week saw an unusual selling pattern, with Melbourne opening proceedings in isolation on Tuesday. Recent anecdotal reports suggest there is an increase in the occurrence of high mid break wools on the market. Test figures
back up this view, with over half of all fleece wool on offer this week carrying a mid-break of 50% and above. With such a large percentage of the offering possessing these unfavourable results, discounts are inevitable and that is exactly what is transpiring. The discounts for these wools continues to grow as buyers struggle to average them into
The skirting market had an up and down week, with prices generally falling on the first day but rising by a similar amount on the second, to finish the week relatively unchanged. However the crossbred market lost ground with prices generally falling by 10-20 cents. The oddment sector continued to perform well, with the limited selection being keenly contested, pushing prices higher.