Wool prices continue to be under pressure and cannot find their bottom. They fell 18% from the beginning of June, when the Indicator of Eastern Markets (IME) in Australia touched the annual maximum of US$10.39 per kilo clean basis.
On Wednesday, September 20, the indicator closed at US$ 8.53 with a correction of 3% compared to the previous week.
For the third consecutive week, it marked an annual low and fell back to values from two years ago.. The market fell 27 cents on the dollar and slightly less in Australian currency.
The demand is shown retracted by inflation and the difficulties of the textile industry in China and Europe.
john samuel
Thick wool, the most difficult to place.
In this worrying market context with little fluidity and where prices are far from what producers want, some local businesses drew attention for fine wool at “out of the ordinary” prices, which were reported by the Uruguayan Wool Secretariat (SUL) last week.
For an Australian Merino batch of 18,500 kilos of 17.2 micron wool – conditioned with green faucet and RWS certification, washing performance 77.4% – US$ 11.50 fleece and US$ 1 for by-products were obtained. Another Australian Merino batch of 15,000 kilos of 17.5-micron wool – conditioned with green faucet and RWS certification, washing yield 78.8% – was negotiated at US$ 11 fleece and US$ 1 by-products.
They are fine micronages where certified attributes and washing performance weigh.highlighted the president of the Australian Merino Breeders Society, Álvaro Fros.
These operations are seen as an indication that the market is activated after the shearing. In Merino, stock is up to date, and the latest harvests are being sold in a highly unstable context, but with more dynamism than in the medium and thick wool categories.
