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Forbes Phoenix

You are here: Home / Rural Round Up / Jemalong Wool Weekly Market Update

Jemalong Wool Weekly Market Update

October 11, 2018 By editor

Following the losses experienced the previous week, sentiment remained cautious in the final sale before the recess.

A softer tone was evident from the outset, with most types and descriptions across the merino spectrum generally discounted by 10-30 cents.

Lots possessing favourable additional measurement results (and in particular those with a CVH of less than 42), did however manage to attract excellent support, leaving them generally unchanged for the series.

The NRI lost 13 cents, to close the week at 2013c/kg, however towards the end of the sale positive sentiment returned giving the NRI a 3-cent boost on the final selling day.

The skirtings generally dropped by 10-20 cents, with higher VM types most affected, while the limited offering of fine/low VM skirtings managed small increases for the week.

The cross bred sector performed with mixed results. 28 microns fell by 20-40 cents, while 30 microns rose by 10-20 cents and all other microns were firm. The limited offering of cardings also eased, with general reductions of 20-30 cents.

Filed Under: Rural Round Up

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