General Market Summary

The first of the designated superfine sales was held in Sydney this week. Some clips that we wouldn’t normally see this early in the season were offered. Competition on the best clips, good performing types that are well prepared remains very strong. While Italian interests are dominating this sector, competition from other origins is strong. Of particular note is competition on non mulesed (NM) wool with more and more buyers now competing for NM certified production batches. Overall another steadying tone over the general market despite the high market level. All types and descriptions closed dearer for the week.

The Melbourne sale on Thursday was rescheduled for Friday after a nearby factory fire stopped access to the Victorian Wool Centre. The industry reacted well to this inconvenience with the unusual Friday sale proceeding without incident.