WOOL prices have continued to push through new ground with the Eastern Market Indicator settling on a record high of 1943.
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The increases measured 52c.
According to Moses and Son principal Merino fleece categories led the charge with increases of up to 90c, measured with the focus on the 19.5-23 MPG’s.
He said the increasing quantity of low yielding fleece wool (courtesy of the extended dry period in the eastern states) were also well supported indicating the continuation of the “buy at all costs” strategy experienced over the last few sale weeks. The fine and superfine fleece lots were also well supported measuring increases from 20c to 50c.
Merino skirtings followed the lead of the fleece pushing up 40-80c with the low vegetable matter skirts excelling on occasion. Merino cardings also continued to push higher, adding an average of 22c for the week and almost achieving their previous record price levels.
