The market has opened on a very disappointing tone. All descriptions cheaper.
About 30% passed in overall but nearly 50% of the Melbourne Merino fleece wool failed to meet the grower reserve. Crossbred types only 2% easier.
Some fairly significant changes in price. Most types and descriptions 6 to 8 % cheaper when compared to the close.
Shortest and finest least affected.
Generally 5 to 6% cheaper with better and fine types least affected.
Generally less affected than normal top types. Nominally 4 to 5% easier with the cheaper more inferior types less affected.