Western Victorian wool industry round-up - Elders Rural Services

Western Victorian wool industry round-up

In the Wimmera region of Victoria widespread and regular downpours have delayed shearing, reports district wool manager Amy Carpenter.

“But the season should soon be in full swing and continue until harvest time in November,” she adds.

“The stud ram sale season is also off to a good start, with Elders Horsham holding their first Merino ram sale and the Glenelg Regional Merino Field Day ram sale conducted online on 9 August.”

“The stud market showed a lot of positivity with a 95 per cent clearance rate and average ram price of $2541.”

The late autumn break has lead to clips being finer and more tender than usual with wool cuts slightly down on last year.

“The wool market has significantly improved in the last 6 to 8 months,” reports Ms Carpenter.

“All Merino micron prices are well up on this time last year.”

“Unfortunately, cross breed prices are still exceptionally low with a large supply and only small amounts of price driven demand.”

Looking forward

As volumes rise coming into spring, Ms Carpenter says both processors and exporters are feeling positive.

“The past six months has seen a shortage in supply for fine wool caused mainly by an excellent growing season last year. This has led to large premiums for fine wool compared to the broader microns. These price premiums are expected to close up in the coming months with supply across microns starting to even out.”

“While I expect to see some volatility and downside throughout the spring, the future looks exceptionally bright for the wool industry and agriculture as a whole.”

For trusted advice about ways to maximise your wool clip talk to your local Elders district wool manager.

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