Weekly Wool Prices

Week Ending 17 February (Week 33)

17 February 2017

Record highs ended the week at Australian wool auction markets during a series that saw prices resisting adverse currency fluctuations and initial reticence by overseas bidders to pay higher levels. Tuesday was a standalone sale which consisted of a nice selection of Tasmanian wool sold in Melbourne. Most types were in the super-fine Merino segment. Prices were all quoted as being dearer for wools finer than 18 micron and slightly off the boil for 18.5 and broader. This proved to be the trend for the rest of the selling week. The Crossbred offering started on Wednesday and it was clear from the outset that all types and descriptions would continue the reversal of their season-long woes. Prices pushed higher for the second consecutive sale and added to the improved clearance rate, but crossbred wools are still topping the passed- in rates as some growers continue to resist the levels being offered.

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