MARTY MOSES: Wool prices experience a fall at auction sales

Marty Moses

Marty Moses

WOOL prices have closed for the week down 62c/kg.

The Eastern Market Indicator settled at 1994c.

Moses and Son principal, Marty Moses said from the market opening the reaction in the auction room was somewhat one of surprise from the sellers and as a result 15.6 per cent of the 43,880 bales were passed.

Merino fleece posted falls ranging from 45c up to 86c.