In Sydney, merino fleece attracted stable bidding, with the 17 micron information lifting 25 cents to 1688 cents per kilogram, whereas 17.5 micron gained 17 cents to 1650 cents. Melbourne confirmed related firmness, though worth actions have been smaller, ranging between unchanged and up 14 cents for many micron classes. Fremantle was extra combined, with the 18, 20, and 21 micron varieties discovering assist late within the day, whereas broader microns slipped barely.
Crossbreds eased from current highs, unable to keep up the momentum seen earlier in winter. The 28 micron indicator in Melbourne managed a 10-cent achieve to shut at 490 cents, however different crossbred classes have been typically unchanged or barely decrease.
Amid the Reserve Financial institution’s current resolution to carry rates of interest regular and ongoing geopolitical uncertainty, the Australian greenback fell barely towards the US greenback this week. Volatility in foreign money noticed the largest change in purchaser momentum final season and the most recent iteration of commerce debates is probably going to supply a platform for extra volatility once more.
This week in Mecardo, Andrew Woods recapped the 2024/25 wool season (see article right here). He highlighted the 11.8 % fall in farm-tested volumes amid dry circumstances and softer demand. Whereas tight provide helped raise costs for superfine and broader merino wool, mid-micron varieties struggled below weaker attire markets. Within the season, crossbred wool defied the pattern, with each volumes and costs increased, reflecting firmer demand in these classes.
