Week ending: 2 June 2016
With just over 34,000 bales offered nationally, the results for the week were largely reflective of supply. For Merino Fleece that meant a focus on the small volume of 20.1 and broader, which resulted in a slight firming over the two days. Meanwhile the larger portion of the Merino Fleece sector, which was in the finer microns, proved to be a drag on the market. The better types (stylish/40nkt) still managed good results and were in line with last week but the lower spec types had unconvincing support and were generally 10 to 20 cents cheaper.
“Room2” types also found good demand on limited volume. Merino Skirtings were mostly unchanged on the previous sale with Beststyle/low VM types maintaining recent buyer enthusiasm. Merino Carding recorded strong results with increases of 5-20 cents. Crossbreds had a mixed outing with increases in some microns being balanced out by losses elsewhere. Next week’s offering of 28,594 bales, will be the smallest sale in 12months.