Following the strong pre-Christmas market, the first sale of the New Year saw growers keen to accept the current price levels, which was reflected by the high clearance rates and packed spectator galleries across the nation. The market did not disappoint, with the NRI adding a further 67 cents, pushing it to a new record of 1908.
More records were broken with merino fleece generally 50-100 cents dearer. All types and descriptions enjoyed similar rises, irrespective of style and spec, as buyers fought hard to secure their market share in the rapidly rising market. Merino skirtings experienced gains of 25-50 cents, while the oddment sector marched onward & upward, with locks, stains and crutchings all 50-70 cents dearer.
The crossbred market accounted for over 32% of the national offering. In percentage terms, it was the largest Crossbreds offering in two years, however despite the large volume, they still managed gains of 10-30 cents, excluding 32 micron which lost buyer support and tracked downward.