The 2023/24 wool selling season continued today, with the 27th sale of the season taking place.
A total of 8 197 bales were on offer, with the bulk of the offering consisting of fine micron wools and sustainably certified wools comprising 53% of the merino wools on offer.
The market followed the downward trend in the Australian market this week and although the market could not return positive results, there was still good participation from the buying houses, which resulted in an overall sales clearance of 93,8%.
The non-certified indicator decreased by 1,3% to close on R149,11 p/kg, whilst the certified indicator eased by 1,2% to close on R166,79 p/kg.
The Australian market continued to trade softer this week and closed down by 0,8% (AU$) from their previous sale held on Wednesday, 20 March.
The major buyers on today’s sale were Tianyu SA (1 630), BKB Pinnacle Fibres (1 448), G Modiano SA (1 432) and Standard Wool SA (1 129).
The next sale will take place on 10 April 2024 where approximately 10 788 bales will be on offer.