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Wool up in Australia
Farmer's Weekly
|July 28, 2023
At the last sale of the Australian woolselling season, the market for Merino wools of between 19 and 22 microns closed 3% up on the previous sale. A total of 43 697 bales were on offer, of which 92% were sold. According to Australian Wool Innovation (AWI), wool of 19 microns sold for A$1 479c/kg (about R183/kg), while wool of 18 microns was sold for A$1 621c/kg (R200/kg).
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"The buoyant sale room atmosphere continued with gusto at this week's Australian wool auctions. Local buyers were in the mood for purchasing, which placed nearly all prices on a strongly upward trajectory from the outset. The superfine Merino categories were by no means neglected, with a healthy 20c [about R2,50] clean per kilogram added, whilst crossbred wool types and cardings traded fully firm to slightly dearer," AWI said.
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