Wool prices slightly declined this week in Australia ahead of a three-week Christmas recess. There was a soft finish to the 2012 calendar year when the benchmark Australian Wool Exchange Eastern Market Indicator eased back 14 cents. More than 55,000 bales were presented to the buying trade this week, which was the largest sale in eight months and was the largest final-sale (for a calendar year) in five years.
The fall for most sectors was consistent with the trend noted late in the week when prices struggled to maintain the recent strong momentum. Prices eased during the first two days of sales while Thursday brought some stability into the market as prices remained firm.
Auctions recommence the week Jan. 7, 2013.