Despite a larger offering of 10 099 bales at the eleventh wool sale of the season, an overall sales clearance of 95,5% was achieved. However, the market indicator declined 2,2% to close at R145,60/kg, due to a stronger rand.
In Australia, the wool market fell 6,6% during the same week, due to a larger offering than usual, resulting in a lower sales clearance.
At the local sale, most of the lots consisted of good-length, fine-micron Merino wool, which resulted in active competition from all buying houses, with the broader micron categories suffering the largest losses.
The largest decrease of 2,9% was in the 22-micron segment, with Responsible Wool Standard-certified wool making up 22% of the wool sold. The major buyers were Modiano SA (3 011 bales), Lempriere SA (2 085),…