The Australian Wool Exchange Eastern Market Indicator closed 2014 with a 5c increase reaching 1059c at auction sales.
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The expected 62,000 bale offering resulted in 58,622 bales being offered which is the largest sale for more than three years.
Aided by a favourable currency exchange the wool market opened the week with keen bidding however, the results from Tuesday in Melbourne indicated a weaker trend emerging for the week ahead.
However, this was not the case, with the buyers offering great support to the larger catalogue on Wednesday and even through the some of the superfine MPG closed lower for the week the closing trend was quite encouraging for the sales after the recess.
While there was some mixed results across the selling centres in superfine wool the medium and strong merino types finished the week in positive territory. Skirtings mirrored the fleece types the cardings were keenly sought in all centres, with the southern MC indicator up 21c.
Crossbreds weathered the largest offering since 1996 with just under 14,000 bales posting gains of 6c to 18c, closing the week with six-year highs and looking good for 2015.