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Forbes Phoenix

Home » Jemalong Wool Weekly Market Update

Jemalong Wool Weekly Market Update

November 10, 2016 By Maggi Barnard

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After recently hitting a sixteen month high the NRI fell 27 cents to finish the week at 1348 c/kg. Again it was the stylish, high NKT, low CVH lots that received the greatest competition and some of these wools, particularly in the finer sector only fell marginally for the week. There was reduced interest in the lower style/spec lots however, and these wools suffered the greatest losses, with some types falling by as much as 50 cents for the week. 19.5 micron and coarser were generally 30-40 cents cheaper, while 19.0 micron and finer were 20 to 30 cents easier. Crossbreds followed suit with all types and descriptions deteriorating as the week progressed, closing 20-60 cents lower, with 26.0 micron the most affected.

Merino skirtings were generally 30-40 cents cheaper, while falls in the oddment market were less severe with
most types and descriptions generally easing between 10 and 20 cents. 51,000 bales are currently rostered for sale next week.

Filed Under: Rural Round Up

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