AFTER weeks of positive sentiment in the wool market, it is slowly changing to the negative.
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All merino categories lost ground for the fourth week in a row.
The 17 and 18 microns have lost around 200c/kg since the middle of March while the 19 to 21 microns have lost around 120c/kg over the same period. However, crossbred wools have been very stable and remain at the same price as they were in the middle of March.
Although the market has slipped it is still around 200c/kg better than the same period last year.
Analysts are sitting on the fence on where the market goes in the next couple of weeks but are saying in the long term that things are still looking positive.
Next week 25,278 bales will be offered nationwide, a very small offering.
