By Mark Dyson
After weeks of solid gains, the wool market consolidated this week in Australian dollar terms with the Eastern Market Indicator (EMI) finding ground at 1801 cents per kilogram clean, easing 17 cents for the week with the Merino carding indicator falling by 58 cents clean to level out at 1501c/kg clean.
Recent increases in wool values to record levels resulted in an increased supply on the market this week, with the national offering being just over 54,250 bales.
Initially, the market opened up where it left off last week with marginal gains across most Merino micron categories of 3-16 cents clean, with the finer 16-17 micron range increasing up to 40 cents clean.
As the week progressed and the dollar increased towards US 80 cents, values for most micron categories eased as the trade became selective, tending to favour the better measured wools.