The Uruguayan wool export revenues fell 32% in July 2022 compared to the same month in 2021.
The exports measured in dollars fell 36% compared to the previous month and 25% in kilos, which accounts for the loss of value in the monththe worst performer of the year.
The average price in July was US$5.74 per dirty base kilo compared to US$6.71 in Junea monthly adjustment of almost one dollar per kilo, in a market that had few operations.
to weak demandespecially for medium and thick wools, it is added that the producers do not validate the prices that are offered.
In January-July 2022, wool exports total US$92 million and 14 million kilos, with an average of US$6.6 per kilo so far this year.
Billing fell 8% compared to the first seven months of 2021 and volume fell somewhat less, 6%. The average price for the January-July period in 2021 was US$6.8 per kilo.
International prices were up to 10% above those of 2021 in January of this year, and between 3% and 6% between February and April. They balanced out in May and from June the drop in prices in the Australian market deepened, taking off up to 13% below the values obtained in 2021, which in the same period had reached their best prices of the year.
john samuel
It is still difficult to place wool with medium or thick fineness.
The Eastern Markets Indicator (IME) in Australia reached up to US$11.08 per kilo.
On August 8, commercial activity resumes in the Australian markets after a three-week break and from the lowest price floor since January 2021 –US$ 9.38–, when wool began to recover from the tumble caused by the covid, which in mid-2020 had dragged values below US$6.
