Australian wool prices firm amid low supply, steady demand this week
Australian wool prices rose this week amid tight supply and slightly improved demand. Around 95 per cent of the 20,000+ bales offered were sold. Merino wools gained up to 40ac, while RWS-certified lots attracted premiums of 150ac. Crossbred and carding types also saw modest gains. China and European buyers were active. Next week, over 32,600 bales will be auctioned across all three centres.
Australian wool prices rose this week amid tight supply and slightly improved demand.
Around 95 per cent of the 20,000+ bales offered were sold.
Merino wools gained up to 40ac, while RWS-certified lots attracted premiums of 150ac.
Crossbred and carding types also saw modest gains.
China and European buyers were active.
Next week, over 32,600 bales will be auctioned across all three centres.
