SHEEP CENTRAL – “INSATIABLE demand for Australian wool drove auction prices to a new historical height this week, with the industry benchmark indicator peaking 555 cents a kilogram higher than 12 months ago.”
SHEEP CENTRAL – “WOOL growers, fashion designers, retailers and consumers are uniting to celebrate the Woolmark Company’s Wool Week Australia until June 3.”
AUSTRALIAN WOOL INNOVATION – Wool market review – week ending 1 June 2018 (Week 48)
THE RURAL – “Meat and Livestock Australia’s national livestock reporting service says quality was excellent across heavy lamb categories while trade lambs were in reduced numbers supply.
Light lambs sold to strong bidding and quality varied with a fair percentage showing the effects of the dry seasonal conditions.”
THE RURAL – by Nikki Reynolds – “WITH people still celebrating the 2000c high for wool prices have gone even further.
The Australian Wool Exchange eastern market indicator has broken new territory to close on 2027c/kg for the week.”
TOWN & COUNTRY MAGAZINE – “Source: Australian Wool Exchange (AWEX)
The meteoric rise of the Australian Wool market has continued in Week 48. In what has almost become the norm in recent times, prices were again driven sharply upward.”
THE WEEKLY TIMES – by Karolin MacGregor – “THE Australian wool market is once again in record breaking territory after smashing through 2000c/kg this week.
On Wednesday the Eastern Market Indicator surged to 2011c/kg on the back of unprecedented buyer demand and low supplies.”
ABC NEWS – by Clint Jasper – “At auctions held on the last day of May more than $28 million worth of wool was sold, setting a new record for a single day of sales.
The market measures the success of weekly auctions held in Sydney, Melbourne and Fremantle through the Eastern Market Indicator, which also closed at a record 2027 cents a kilogram of wool.
It’s unchartered territory for wool growers and brokers, who have watched the price of the fleece break record after record over the past two years.”
STOCK & LAND – by Murray Arnel – “A rare store sheep sale of 6850 head at Wycheproof, Friday, was the first opportunity for two months that dedicated sheep traders have had to eye-ball prospective purchases.”
THE WEST AUSTRALIAN – by Bob Garnant – Countryman – “The high point of the Fremantle sale (week 47) was from two separate woolgrower accounts, each taking much satisfaction from rising wool prices against a low supply market.
On a wool high, York farmer Luke Edwards was in awe of receiving an overall sale top-price of 2030¢/kg greasy, while Beverley woolgrower Ellen Walker found new admiration for the golden fleece.”