Wool price surge beats expectations after a poor performance in previous weeks

YarnsandFibers News Bureau 2015-08-17 12:43:55 –

In the second week of August, the Australian wool markets got off to a good start after the disappointing finish prior to the mid?year recess. The EMI made a solid gain of Aus cents 17 a kg. A weaker Aus$, saw the EMI fall US cent 1 in US$ terms.

In Melbourne, sales opened well with fine wools lifted and medium to broad micron merino fleece wools picking up. Prices generally improved, with most categories closing on their highs. Crossbreds also made good gains while oddments were dearer.

Among major microns, 18 was the major gainer with prices up US cents 18 a kg while 22 micron followed with prices up US cents 14 a kg. 23 micron gained US cents 8 a kg while 26-micron fell US cents 6 a kg. Merino carding inched up US cent 1 a kg.

Courtesy: Weekly PriceWatch Report

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