The UK wool sale held on 5 November saw prices ease further despite better activity across broader range of types than in the last two styles with prices on some types strengthening. The British Wool index fell 1.2% sale on sale to £1.32 a kg clean. The average price for clean inched up to £1.334 a kg clean and for greasy to £0.892 a kg.
A total of 1.586 million kg were offered, of which, 1.112 million kg were sold, recording a clearance rate of 70% as against 69% in the previous sale. The clearance rates by type of wool were 87% for Fine wool, 67% for Medium wool, 58% for Crossbred wool, 66% for Hill wool, and 74% for Mountain wool.
Price movements for key wool types were as follows;
Fine: Hogs were firm while Ewes were 1.5% cheaper and light grey in sellers’ favour.
Medium: Hogs No1 was 2.5% dearer and No2 in buyers’ favour. Ewes was up to 1.5% cheaper while discoloured was 3% dearer on a slightly improved selection. Light grey was in buyers’ favour.
Mules: Hogs were up to 3% cheaper where sold and Ewes generally 4% cheaper except for a selection of finer lots which were up to 5% dearer. Cotts were in buyers’ favour to 1.5% cheaper while light grey was firm.
Cheviots: Hogs were 4% cheaper where sold and Ewes No2 2.5% cheaper.
Radnors remained unsold.
Welsh: No2 were up to 2% cheaper and light grey in buyers’ favour.
Blackface: Medium No1 were 4% dearer while fine No1 were cheaper by 1% and No2 by 1.5%. Cotts were 2% cheaper.
Swaledale: Light grey was firm
