Comment

It was another sound performance for the wool auction market. Sales were conducted on Wednesday and Thursday and another $78.1 M worth of wool changed hands. There were typically some variables but this was heavily influenced by the offering. Many reports refer to ‘large discounts’ for inferior wools. This was more of an issue in the larger volume offering in Melbourne. In Sydney, these so-called inferior types seemed to attract very good competition. In fact, the better specifications look the best value when all things are considered. Regardless, it was another positive market tone with very few holes across the offering. All types and descriptions are being keenly sought after.