Black Sea bites back
Finally, we are starting to see the market react in a manner that many of us expected. For weeks, the wheat market largely shrugged off the escalating situation in the Black Sea, seemingly unconcerned by the repeated military strikes on key export infrastructure. Despite around 25% of the world’s exportable surplus effectively being landlocked, the […]
Market jumps on low offering
This week the wool market saw an upward price correction following a big fall the week prior. Buyers scrambled to get their hands on stock as the bale offering fell to 23,651 – which according to AWEX is the lowest offering involving all three-selling centres since the 17th of April 2020, which was heavily affected […]
Mutton red hot as lamb supply dwindles
There were mixed results in the sheep and lamb market this week as wet weather in the south helped push yardings lower again. Restocker lamb returns felt the pinch on the back of poor demand in the west and cautious buying in the east. Mutton prices headed in the other direction, and new season lambs […]