Wool prices have continued declining overall in Australia this week, with the market being now split in two parts depending on quality, and better styles still enjoying a rise of their prices. Crossbred prices have also further increased.
Wool prices have continued to decline this week in Australia, with drought-affected lots being sold only after significant discount.
The market indicator has lost 16 Aussie cents per kilo clean at 1,947 cents (-0.8%).
With a stronger US dollar this week, prices have dropped 21 US cents or 1.5%.
The weakness of the euro has resulted in a negligible rise in euro terms (1 cent per kilo or 0.01%).
If poor quality fibers have depressed the overall picture, a minority of better-quality lots have attracted strong interest from buyers with their prices actually rising.
The market is now split in two opposite parts, depending on quality levels.
Overall price indicator could continue declining as a result, due to the higher share of low-quality lots in total offer, and whatever the current fall of available quantities.
Broader wools have continued enjoying a rise of prices with crossbred making new gains.
By contrast, oddments have sharply dropped in the meantime.
Source: Emergingtextiles
