Wool market report with Marty Moses

Marty Moses

Marty Moses

WOOL prices increased by 2c/kg at Australian auction sales when 34,513 bales went under the hammer. 

Moses and Son principal, Marty Moses of Temora said bidding was apprehensive at first due to the sharp price increase last week.

“Merino fleece felt some pressure early in the week especially in the poorly measured fleece lots,” he said. The best lots ranging from 17 to 18.5μ posted rises of 14c to 29c, while the 19-21 MPG’s lost 15c to 30c on the huge increases posted last week.