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Wool Markets End Year Positively For Merino

15 December 2014

AUSTRALIA – Wool auctions closed for the year on a “highly encouraging note” following a large offering.

Overseas Merino fleece demand was positive, moving into form alongside crossbred and carding products which have been performing well for a prolonged period, reports Australian Wool Innovation (AWI).

The year’s final trading opened with a “negative tone” which improved vastly.

After being in the “doldrums”, Merino skirtings “rebounded back into favour” this week, said AWI analysts.

“Demand, and therefore competition and prices appeared to be stronger in this area as exporters reported new forward bookings at higher levels and several requests for offers for prompt or short time shipment,” said a spokesperson.

“After being somewhat in the doldrums for the past month or so, Merino skirtings of all descriptions rebounded back into favour this week.

In general, the AWI said: “Competition was strong enough to hold prices at the commencement of the selling series, but prices slowly climbed the further the week progressed.

“By the close of selling, all pieces, brokens and bellies types of all faults were quoted as being 10ac clean/kg dearer.”

Michael Priestley

Michael Priestley
News Team - Editor

Mainly production and market stories on ruminants sector. Works closely with sustainability consultants at FAI Farms.

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