Every week, Quality Wool Managing Director Mark Dyson brings you his summary of the week in wool.
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Every week, Quality Wool Managing Director Mark Dyson brings you his summary of the week in wool.
Bucking the trend of the past three weeks which saw the market steadily fall, Week 32 halted the decline in fine fashion with prices rising across the entire Merino spectrum on all types and descriptions.
With 39,582 bales on offer, the Eastern Market Indicator (EMI) gained 80 cents clean for the week, pushing it back to its record high of 1818 cents per kilogram clean.
This increase is the largest weekly rise since January 2011, mostly attributed to a 70 cent rise on the first day, which was the largest single day rise in seven years.
Wools that were previously heavily discounted, in particular those with high mid‑breaks, had the discounts reduced as buyers attempted to secure quantity.
Prices generally rose between 60‑120 cents, with some superfine types extreme.
Although the EMI could only equal its record, the Micron Price Guides (MPG) for 17.5‑18 micron and 20‑21 micron did manage to set new individual highs.
The skirtings also managed to post large gains, generally between 50‑100 cents.
Wools finer than 17.5 micron and those carrying less than two per cent of vegetable matter were the most sought after and enjoyed the largest increases.
The crossbreds also experienced a sharp lift with general price rises of 40‑80 cents across the board, while the oddment sector managed to rebound strongly this week with prices generally increasing by 80‑140 cents, pushing the carding indicators up by an average of over 90 cents.
The recent decline in price has kept some sellers away from the market of late, however this week’s lift seems to have encouraged them back, boosting sale quantities.
Currently, there is just over 43,000 bales rostered for sale nationally next week from the three selling centres, with 23,875 of those being sold from Melbourne.
July 2023 to June 2024
Week Commencing
3.07.23
Proceeds Due
14.07.23
Week Commencing
10.07.23
Proceeds Due
21.07.23
Week Commencing
17.07.23
Week Commencing
24.07.23
Week Commencing
31.07.23
Week Commencing
7.08.23
Proceeds Due
18.08.23
Week Commencing
14.08.23
Proceeds Due
25.08.23
Week Commencing
21.08.23
Proceeds Due
1.09.23
Week Commencing
28.08.23
Proceeds Due
8.09.23
Week Commencing
4.09.23
Proceeds Due
15.09.23
Week Commencing
11.09.23
Proceeds Due
22.09.23
Week Commencing
18.09.23
Proceeds Due
29.09.23
Week Commencing
25.09.23
Proceeds Due
6.10.23
Week Commencing
2.10.23
Proceeds Due
13.10.23
Week Commencing
9.10.23
Proceeds Due
20.10.23
Week Commencing
16.10.23
Proceeds Due
27.10.23
Week Commencing
23.10.23
Proceeds Due
3.11.23
Week Commencing
30.10.23
Proceeds Due
10.11.23
Week Commencing
6.11.23
Proceeds Due
17.11.23
Week Commencing
13.11.23
Proceeds Due
24.11.23
Week Commencing
20.11.23
Proceeds Due
1.12.23
Week Commencing
27.11.23
Proceeds Due
8.12.23
Week Commencing
4.12.23
Proceeds Due
15.12.23
Week Commencing
11.12.23
Proceeds Due
22.12.23
Week Commencing
18.12.23
Week Commencing
25.12.23
Week Commencing
1.01.24
Week Commencing
8.01.24
Proceeds Due
19.01.24
Week Commencing
15.01.24
Proceeds Due
25.01.24
Week Commencing
22.01.24
Proceeds Due
2.02.24
Week Commencing
29.01.24
Proceeds Due
9.02.24
Week Commencing
5.02.24
Proceeds Due
16.02.24
Week Commencing
12.02.24
Proceeds Due
23.02.24
Week Commencing
19.02.24
Proceeds Due
1.03.24
Week Commencing
26.02.24
Proceeds Due
8.03.24
Week Commencing
4.03.24
Proceeds Due
15.03.24
Week Commencing
11.03.24
Proceeds Due
22.03.24
Week Commencing
18.03.24
Proceeds Due
28.03.24
Week Commencing
25.03.24
Proceeds Due
5.04.24
Week Commencing
1.04.24
Week Commencing
8.04.24
Proceeds Due
19.04.24
Week Commencing
15.04.24
Proceeds Due
26.04.24
Week Commencing
22.04.24
Proceeds Due
3.05.24
Week Commencing
29.04.24
Proceeds Due
10.05.24
Week Commencing
6.05.24
Proceeds Due
17.05.24
Week Commencing
13.05.24
Proceeds Due
24.05.24
Week Commencing
20.05.24
Proceeds Due
31.05.24
Week Commencing
27.05.24
Proceeds Due
7.06.24
Week Commencing
3.06.24
Proceeds Due
14.06.24
Week Commencing
10.06.24
Proceeds Due
21.06.24
Week Commencing
17.06.24
Proceeds Due
28.06.24
Week Commencing
24.06.24
Proceeds Due
5.07.24
Wool classers can let us know the details of the wool that they want us to sell by filling out our Classers Specification PDF form.