Wool auctions post a 17c increase

Marty Moses

Marty Moses

WOOL prices posted a 17c/kg at auction sales with the eastern market indicator settling on 1960c.

Moses and Son principal, Marty Moses said Merino fleece experienced better competition, resulting in price increases in the northern markets and increases of 10c to 30c in the southern region to further align them with the northern MPG premium.

Best style and specified lots attracted noticeable premiums, while the poorly specified, dusty and drought affected fleece lots maintained previous price levels.

Merino skirtings demonstrated two distinct paths; the best length and low vegetable matter lots increased in line with the fleece prices whilst the increasing quantity of shorter and heavy vegetable matter lots continued to feel the discounting.