The wool sale held on 1 October saw prices ease with clearance rate disappointing at 60% down from 64% in the previous sale held on 17 September. The British Wool index fell 1.9% sale on sale to £1.37 a kg clean. The average price for new season wool edged down to £1.377 a kg clean and for new season greasy price to £0.909 a kg.
A total of 1.594 million kg were offered, of which, 0.961 million kg were sold, posting a clearance rate of 60%. The clearance rates by wool type were 60% for Fine wool, 64% for Medium wool, 48% for Crossbred wool, 44% for Hill wool, and 77% for Mountain wool.
About 45 tonnes of 2018 season wool still remained unsold.
Price movements for key wool types were as follows.
Fine: Hogs No2 were firm, Ewes No2 were 2.5% cheaper and other fine grades remained unsold. Light grey was 1.5% dearer.
Medium: Hogs No1 were 2% cheaper, No2 in buyers’ favour, Ewes No1 were unsold while No2 were 2.5% cheaper. Discoloured on another mixed offering were up to 1.5% cheaper. Light grey were 5% dearer.
Mules: Hogs No1 were up 2% and No2 up to 3% cheaper where sold. Ewes No1 was fully firm and No2 firm or in buyers’ favour. Both Cott grades unsold while Light grey was 2.5% dearer.
Cheviots: All were in buyers Favour to 2% cheaper.
Radnors: Fine was 3% cheaper than last sold on 3 September while Medium remained unsold.
Welsh: No1 were unsold while No2 was 2.5% cheaper. Light Grey was fully firm.
Blackface: Fine was 1.5% cheaper while No1 was in buyers’ favour and No2 2% dearer. Cotts were in sellers’ favour.
