AFTER experiencing falls last week the Australian Wool Exchange Eastern Market Indicator regained some ground to rise by 27c/kg to settle at 1778c.
Subscribe now for unlimited access.
$0/
(min cost $0)
or signup to continue reading
According to Moses and Son principal, Marty Moses the market was in the hands of an irregular Australian dollar.
The Merino MPG’s mirrored the currency exchange movements rising by 30c to 45c on Wednesday and then giving back 5c to 15c on Thursday.
The Merino fleece categories experienced increased buyer activities specifically on the best style and measured lots and especially if they were well classed. As in past weeks (and months), the lots containing low strength with high mid-point breaks were the hardest to sell throughout a relatively positive market environment.
Merino skirtings opened strong and, unlike the fleece, held that trend throughout the selling week.
