Australian wool prices soar in the first week of 2022

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The first week of the 2022 New Year’s Australian Wool Auction has improved the value of all wool types and descriptions offered. The market started with a solid foothold, maintained its dear pattern throughout the sale and closed at the highest point of the week. While Merino fleece led the upward charge, skirting boards, hybrids, and carding types all also enjoyed positive benefits.

The Eastern Market Indicator (EMI) is now 31ac higher up to the 1389ac / clean kg level. This is a 2.3% addition to the pre-New Year wool price. In US dollars, EMI was well above the AUD level as (all) foreign exchange rates added exports. Australia’s Wool Innovation Limited (AWI) commented on the 28th week of the current wool marketing season for sale, with USDEMI earning 1013usc / clean kg from 47usc and Western Market Indicator (WMI) 31ac 1439ac / cleankg. Said added to.

From the beginning of the sale, buyers were enthusiastic about rebuilding their inventories following a three-week sales break. Local traders in particular are confident, indicating that they are currently absorbing relatively large amounts of wool and, in fact, were of higher value as a result of this week’s auction competition.

The first week of the 2022 New Year’s Australian Wool Auction has improved the value of all wool types and descriptions offered. The market started with a solid foothold and maintained its dear pattern throughout the sale. While Merino fleece led the upward charge, skirting boards, hybrids, and carding types also enjoyed positive benefits.

“Market support was clear from top Chinese manufacturers and indent operators, but in most cases these parties were worried about bidding by local exporters this week. Interest is strong in hybrid wool types, and most of the better wool in that type of sector is heading in that direction, “AWI added.

All merino fleece wools are dear 35-70ac, with the greatest profits on wools smaller than 17.5 microns. Lighter VM (vegetable material) skirting boards were often sought after as dear 40ac, but all other lots in that category received a 10/20 ac increase. The hybrid wool and carding were dear 15-30ac, dominated by the euro interest rate (xbd) and the local processor (card).

Sales are expected to be around 47,500 veils next week, and Melbourne will be hosting a three-day sales series again.

Fiber2Fashion News Desk (KD)

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Australian wool prices soar in the first week of 2022

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The post Australian wool prices soar in the first week of 2022 appeared first on Eminetra.

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