In Sydney, wonderful wools led the retreat, with the 17 MPG down 58 ¢ to 2,025 ¢ and the 19 MPG easing 19 ¢ to 1,732 ¢, whereas the 28 MPG held agency at 645 ¢. Melbourne adopted an analogous sample, with the 17 MPG falling 76 ¢ to 2,013 ¢ and the 19 MPG dropping 46 ¢ to 1,725 ¢, whereas the 30 MPG eased 7 ¢ to 573 ¢. Cardings softened to 818 ¢ within the north and 746 ¢ within the south.
Out west, Fremantle mirrored the jap centres. The 18 MPG slipped 45 ¢ to 1,875 ¢ and the 19 MPG misplaced 24 ¢ to 1,736 ¢. Crossbreds once more proved extra resilient, with the 28 MPG slipping 20 ¢ to 650 ¢ and the 30 MPG easing 7 ¢ to 573 ¢.
On an fascinating observe, AWEX this week launched the “Step-Up Bonus,” providing a $5 per bale rebate for wool offered beneath the Sustainawool or Responsiwool (AWSS) program. The initiative goals to spice up grower participation in licensed sustainability schemes. Whereas modest in worth, it comes because the Australian greenback trades round US 65 ¢ and 56 ¢ towards the euro, ranges that improve export competitiveness. Stronger sustainability credentials, coupled with a weaker forex, may assist bolster demand from European and premium attire markets looking for ethically sourced fibre.
This week in Mecardo, Andrew Woods seemed on the wonderful merino premiums (see article right here). He confirmed that 14.5–18.5 micron classes stay beneath their 15-year medians in actual phrases, whereas broader 20–21 micron wools sit nearer to long-term averages. The narrowing premium between 16 and 18 micron sorts displays a extra selective luxurious attire market, the place superfine, well-prepared clips proceed to draw robust demand, however basic wonderful merino classes stay beneath strain.
