Comment

There was an improved offering of fine wool in Sydney this week. The large offering of inferior fine wool with lower strength was expected to put some pressure on the market. However with a relatively stable result on Wednesday, prices rallied on Thursday to close very positively. The general market focus was on fine wool. Italian interests were very active on all good fleece wool from 15.5/18.0 micron but were well supported by other sectors seeking good specification and performance wool. No doubt the industry appetite for NM wool continues to grow with a wider range of buyers active across all types and descriptions.