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.
Coming off the back of the three‑week annual mid‑year recess and an increase in the national wool offering to an expected 51,000 bales, the wool trade took a tentative approach on opening of the market this week.
By week’s end, and with the Australian dollar trading at mid‑74 US cents, the Eastern Market Indicator finally found ground at 1990 cents per kilograms clean to increase nine cents on the pre–recess level.
The first day’s selling resulted in an easing trend, with both the Merino and crossbred wool categories retreating in value by 10‑57 cents clean.
The majority of falls were in the 20‑23 Merino micron categories retreating 30‑40c/kg clean, with the finer crossbred 28 micron types tracking back by 57c/kg clean.
As selling progressed over the next two days, the market found a level of trade and with this buyer confidence returned for the Merino wool categories.
By week’s end, the 19 micron and finer types had increased by 30‑50c/kg clean on the pre‑recess levels, with the 21 micron and broader Merino categories (though finding better support) still generally easing by 10‑30c/kg clean for the week.
Overall, the finer crossbred types eased in value up to up to 75 cents clean, with some stronger competition being received later in the week for the better prepared lots.
Better style, low fault skirtings attracted keen competition which assisted the pieces and bellies to increase by 40‑80c/kg clean.
As with the trend prior to the recess, locks, crutchings and stains found solid trade support and added a further 15‑30c/kg clean to their values on three weeks ago.
Next week sees a reduction in the national wool offering to just over 37,000 bales, with all three selling centres in operation.
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.