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.
With exporters reporting very strong overseas interest, the Australian wool market has again recorded substantial price increases this week on the back of widespread demand.
The market opened higher and continually rose, with Fremantle selling last and closing at price levels higher than the Eastern centres.
Individual Micron Price Guides (MPGs) across the country rose
This was the largest daily rise in the EMI since early‑November.
The second day in the East the market generally continued to rise, albeit at a much more subdued rate.
The MPGs in Sydney and Melbourne recorded movements of ‑2 to +15 cents. Once again, gains in the other sectors helped to push the EMI up by another 17 cents to gain 89 cents overall for the week, closing at 1,291c/kg.
However, the market could not sustain its upward path all the way to the end of the series, with Fremantle (selling last) experiencing a noticeable softening in buyer sentiment, pushing prices continually lower.
The MPGs in the West dropped
July 2023 to June 2024
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3.07.23
Proceeds Due
14.07.23
Week Commencing
10.07.23
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21.07.23
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17.07.23
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24.07.23
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31.07.23
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7.08.23
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18.08.23
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14.08.23
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25.08.23
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21.08.23
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1.09.23
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28.08.23
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8.09.23
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4.09.23
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15.09.23
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11.09.23
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22.09.23
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18.09.23
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29.09.23
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25.09.23
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6.10.23
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2.10.23
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13.10.23
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9.10.23
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20.10.23
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16.10.23
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27.10.23
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23.10.23
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3.11.23
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30.10.23
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10.11.23
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6.11.23
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17.11.23
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13.11.23
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24.11.23
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20.11.23
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1.12.23
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27.11.23
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8.12.23
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4.12.23
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15.12.23
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11.12.23
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22.12.23
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18.12.23
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25.12.23
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1.01.24
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8.01.24
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19.01.24
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25.01.24
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22.01.24
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2.02.24
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29.01.24
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9.02.24
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5.02.24
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16.02.24
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12.02.24
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23.02.24
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1.03.24
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26.02.24
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4.03.24
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15.03.24
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11.03.24
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22.03.24
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25.03.24
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5.04.24
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1.04.24
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8.04.24
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19.04.24
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3.05.24
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24.05.24
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31.05.24
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7.06.24
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3.06.24
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14.06.24
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10.06.24
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21.06.24
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17.06.24
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28.06.24
Week Commencing
24.06.24
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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.