THE WEEKLY TIMES – by Jamie-Lee Oldfield – “WOOL, wonderful wool, has continued its remarkable rise.
The Australian Wool Exchange’s Eastern Market Indicator surged into record territory last week, reaching new highs each day of sales.
It finished at 1614c/kg, an increase of 25 per cent on the same time last year.”
THE COROWA FREE PRESS – by Shepparton News – “A group of wool brokers has returned from a study tour of China focusing on wool processing beyond the farm gate.
The 31 Fox and Lillie Group staff — including employees from Benalla, Horsham and Mildura — discussed current processing and market trends for wool with their Chinese counterparts.”
THE WEEKLY TIMES – by Jamie-Lee Oldfield – “AUSTRALIAN agriculture is once again riding on the sheep’s back, as wool prices soar and the beef cattle market continues to plummet.
Wool’s Eastern Market Indicator reached an all-time high of 1614c/kg last week, a rise of more than 60c/kg in seven days. Strong demand from China boosted wool prices across the board, with increases of between 4 per cent and 17 per cent for all micron ranges.”
PORT LINCOLN – “The 38th annual White River Merino and Poll Merino ram sale at Poochera was one to remember with a record breaking average of $2951, up $540 on last year.”
PORT LINCOLN TIMES – by Paula Thompson – “BUYERS came from a wide spread of areas to the 38th annual Collandra North Poll Merino sale on Wednesday, August 16.
It was a solid result all around, with close to full clearance, despite 10 more rams being offered than last year’s sale.
There were 132 rams sold during the auction, with another snapped up straight after, out of 134 offered.”
INTEREST.CO.NZ – ” … WOOL The South Island wool auction sale last week was slightly stronger, with 83% sold and the coarse indicator lifting to 282c/kg clean.
Some are reporting hopes that the crossbred wool slump has bottomed and is now slowly moving up again, but with significant stocks on hand any lifts will be slow”
WESTERN MAGAZINE – by Taylor Jurd – “The National Rabobank Merino Sheep Show and Sale kicked off in Dubbo on Tuesday.
Hundreds of merino sheep flocked together under one roof at the Dubbo Showgorund on the Tuesday for the start of the Show, which will continue on Wednesday.”
EYRE PENINSULA TRIBUNE – by Kathrine Catanzariti – “Cleve Area School Year 10 agriculture students are getting ready to show their merinos at this year’s Royal Adelaide Show.
The 10 Certificate 2 in Agriculture students will travel to Adelaide with teacher Aleks Sulajic and sheep, which will be judged on their wool, meat and skin value as part of the Interschool Merino Wether Competition.”
West Coast Sentinal – by Catherine Miller – “CEDUNA based Maramville stud was one of the SA on-property sales calendar’s big improvers with a more than $500 lift in average.
At their 28th annual sale on Wednesday last week, Mark and Amanda Hoffrichter enjoyed a total clearance of 70 Poll Merino rams for a $2070 average.”
WEST COAST SENTINEL – “Quality Wool has proclaimed wool is a hot commodity again that is reaping great rewards for growers on the back of surging demand.
The 2016/17 season delivered growers the highest wool prices in recent history, a trend that is expected to be sustained in the short term at least.”