Week ending: 25 February 2016
The largest sale in five weeks saw just under 47,000 bales offered. The larger
offering coupled with a stronger exchange rate resulted in a 10-20 cent reduction for most MPG’s on Wednesday, although the better spec types
were less affected and continued to find favour with buyers.
Thursday’s results were less clear; Melbourne and Fremantle continued
to trend lower across all microns whilst Sydney was only a few cents cheaper.
Support for the better types in Sydney’s “superfinesale” contributed to
the superior result in the northern region.
Merino Skirtings recorded minimal movement, with most movements being
in the higher vm types which adjusted their prices lower while best length/low VM were barely affected. Crossbreds fell 10 to 15 cents with the few 25-micron types the only bright spot for the sale.
Merino Cardings tracked sideways for the week, closing at similar prices to last sale. 42,631 bales are currently forecast for next week in Sydney, Melbourne
and Fremantle.