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But we are proud to say that Tim Marwedel contributed 667 entries already.
Market down. Uncertainty continues. COMMENT Only 6,000 bales between Sydney and Melbourne were eventually sold today as most growers opt out of selling in this confusion. FLEECE No doubt non mulesed (NM) types were least affected across all micron categories. General market is difficult to quote with such high passed in and withdrawn rates. 18.0 […]
Market easier with ongoing economic trade and consumer confidence dictating the uncertainty. COMMENT Large passed in rate added to grower withdrawal rates prior to sale. Just 7,000 bales were sold in Sydney and Melbourne combined. FLEECE Best 17.0 / 18.5 micron 1% easier with selected spinner style unchanged. Good to average lots 18.5 micron and […]
Comment Some interest late last week, albeit below the closing level, was enough to stimulate more widespread buyer support at the new level. It was a significantly better market tone in the sale room. Prices did however ease further as buyers search for a level in which they can sell and global market and political […]
Market generally a little easier, best least affected. COMMENT Large passed in and withdrawn rate as growers utilise their option to hold wool pending a better market. FLEECE All 16.0 and 16.5 micron fully firm Best 17.0 / 19.0 micron fully firm All others 17.0 / 19.0 micron 1% easier 19.5 / 21.0 micron slightly […]
Market stabilises. More buyer confidence at this level. COMMENT A wide variety of buyers keen to accumulate wool at this level. A positive sign. FLEECE 16.0 micron and finer fully firm. 16.5 / 21.5 micron generally 1% easier but well maintained at that level. SKIRTINGS 16.0 / 16.5 micron 1% dearer 17.0 / 17.5 micron […]
Comment Further instability on global economic issues has eroded confidence from the wool market that has until now recorded one of the more positive periods in the last few years in our history. Since the peak of the EMI exactly one year ago (16/08/18), the benchmark indicator has fallen 28.5%. In USD terms the peak […]
Fine wool firm. Broader merino types easier. COMMENT A clear market distinction for non mulesed wool with medium merino types (18.5/20.5) NM up to 5/10% above the general market level depending on quality. FLEECE Best 18.5 micron and finer tending slightly dearer with good competition on best specification at the new basis. Good specification 16.0 […]
Another major market correction. A general lack of buyer confidence with little interest coming from overseas clients during these uncertain times. COMMENT One third of the offering passed in. All prices down, some better types least affected, especially non mulesed. No doubt at some point in time there will be an over reaction and prices […]
Comment The global financial and trade situation is causing enormous uncertainty across all markets and wool has not been immune from this global economic story. Our reliance on China is well known. Chinese trade activity has certainly been affected and the major wool buyers were notably absent this week. There did seem to be a […]
Lack of general competition results in a high passed in rate. COMMENT More than 1/3rd of the fleece wool was passed in between the two centres but as much as 46% of the fleece in Melbourne failed to meet grower expectations. These were generally the lower yielding, drought affected types. FLEECE 16.0 micron was a […]