45,838 bales were put before the trade this week as Fremantle returned after a weeks recess.
On the first selling day prices were quickly discounted, with 18 to 23 microns experiencing 25-50 cent losses, with the lesser style and spec lots posting the biggest falls, while the best style and strength lots in the finer micron ranges managed to record small gains. Day two saw a reversal with price movements shifting into positive territory, with the entire merino spectrum selling at levels 10-20 cents above the previous day. The NRI managed a 16 cent rise, to finish the week at 1,636, an overall loss of 14 cents for the week.
The skirting market saw prices generally reduced by 20-30 cents, with higher VM lots most affected, as buyers favoured the FNF types. The crossbred sector also shed 15-30 cents as did the oddment market with most types and descriptions dropping 15-20 cents.
Next week’s offering reduces slightly, currently there are 42,872 bales rostered for sale.