Marty Moses
A LARGER offering of wool has caused prices to slide by 28c/kg at auction sales.
Subscribe now for unlimited access.
$0/
(min cost $0)
or signup to continue reading
The Australian Wool Exchange eastern market indicator has settled at 1303c.
Moses and Sons principal, Marty Moses of Temora said the offering of 47,220 bales meant that buyers could be more selective and spread the basis between the best and average style and measurement.
He said falls across the Merino MPG’s ranged from 20c to 40c with lots finer than 19 finding slightly more support.
“This trend flowed over into the skirting sector posting 20c to 40c losses for the week,” he said.
