Weekly Wool Prices

Week Ending 25 November (Week 21)

25 November 2016

An extraordinarily strong selling week at Australian wool auction markets. The Merino sector has a hit a sweet spot with our overseas customers with many buyers appearing to be bidding without a ceiling price at times this week. Prices rose constantly during selling in an auction week that saw all Merino types on offer 60 to 80ac clean/kg dearer by the close. Cardings came under pressure too and progressed 40ac clean/kg dearer and also pleasing to note was the 15ac clean/kg uplift in the broader crossbred types. The only casualty for the week was a very limited volume of crossbred wool 25.5 to 26.5 micron which dropped 20ac clean/kg on established price levels. The Eastern Market Indicator (EMI) advanced by 49ac clean/kg to conclude the week almost 4% higher at a seasonal high of 1363ac clean/kg.

Click here to access AWI's Wool Weekly Market Report (PDF 906KB)