Week ending: 30 June 2016
It was a strong finish to the 2015/16 season with the NRI gaining 14 cents to close at 1,317 the second highest season closing level on record.
Although all 3 centres were in operation it was another small sale of 28,866 bales making it the smallest 3-centre sale since August. It was a similar pattern to last week with the overall market spurred on by strong support in the medium/broader micron ranges, while the finer microns results lagged their broader counterparts, firming by a more modest 5 to 10 cents clean.
Merino Skirtings maintained good competition and firmed slightly. Merino Cardings also held firm for the week. Crossbreds had mixed results; recent support for the finer microns (25/26) persisted this week while the broader microns lost ground.
Two more auctions remain before the annual three week recess; next week is estimated at 38,265 bales.