The 2024/25 wool selling season continued this week, with a large offering of 12 263 bales, after 1 394 bales were withdrawn prior to the sale.
Although 74% of the offering tested 20 micron and finer, the offering consisted mainly of medium length wools, with sustainably certified wool comprising 59,1% of the merino wools on offer.
The ZAR traded variably throughout the two-day sale, but ultimately averaged unchanged against the US$ over the two days.
Although the market continued to experience downward pressure this week, good competition for the better-quality merino fleece wools resulted in an overall sales clearance of 97%.
The all-merino indicator declined by 2,5% to close on R175,00 p/kg, with the certified indicator decreasing by 1,8% to close on R179,56 p/kg.
A highest price of R243,64 p/kg (clean) was paid for a single bale lot of 16,5 micron merino wool.
The Australian market traded marginally down this week and eased by 0,17% (AU$) compared to their last sale held on Wednesday, 7 May.
The major buyers on this week's sale were Tianyu SA (3 508), G Modiano SA (2 370), Standard Wool SA (2 282) and BKB Pinnacle Fibres (1 614).
The next sale will take place on 28 May 2025 where approximately 7 050 bales will be on offer.