Weekly Wool Prices

Week Ending 11 November (Week 19)

11 November 2016

Large volumes were again the predominant issue affecting prices this week at the Australian wool auction markets. Plenty of wool available had buyers in a particularly relaxed frame of mind early in the selling week and prices backed off accordingly. The first day of sales saw most descriptions falling between 20 and 30ac/clean kg. A significant final day rally pushed all types on offer up 10ac/clean kg at least and most pundits are saying it was a trend-changing move back to the positive direction. While it seemed all other financial and commodity markets were blaming moves in their markets on the “The Donald” effect, our wool market was left to price adjust purely related to just simple supply and demand issues.

Click here to access AWI's Wool Weekly Market Report (PDF 626KB)