Thursday 4th March 2010

Market levels came under pressure at sales in Sydney, Melbourne and Fremantle today.

In Sydney all micron fleece categories decreased in value with merino fleece generally 5-10 cents easier. Merino skirtings however managed to maintain values of yeaterday's market. Crossbreds were generally firm however some finer lots did show signs of a slight improvement. NMI 944 (-3)

The Melbourne market saw merino fleece generally 5-10 cents cheaper with 24 micron defying the trend closing 10 cents dearer on a very limited supply. Merino skirtings cheapened as the day progressed with most types 15-20 cents easier. Some finer lots did manage to maintain the values of yesterday. Crossbreds were generally 5-15 cents cheaper with the finer types most affected. SMI 890 (-9).

In the Western market merino fleece traded generally 5 - 10 cents easier. Merino skirtings also met the same fate - decreasing by 5-10 cents. WMI 924 (-5).

Sales resume next week on Wednesday in Sydney, Melbourne and Fremantle.