In Sydney, fine wools led the retreat, with the 17 MPG down 58 \u00a2 to 2,025 \u00a2 and the 19 MPG easing 19 \u00a2 to 1,732 \u00a2, while the 28 MPG held firm at 645 \u00a2. Melbourne followed a similar pattern, with the 17 MPG falling 76 \u00a2 to 2,013 \u00a2 and the 19 MPG dropping 46 \u00a2 to 1,725 \u00a2, while the 30 MPG eased 7 \u00a2 to 573 \u00a2. Cardings softened to 818 \u00a2 in the north and 746 \u00a2 in the south.<\/p>\n
Out west, Fremantle mirrored the eastern centres. The 18 MPG slipped 45 \u00a2 to 1,875 \u00a2 and the 19 MPG lost 24 \u00a2 to 1,736 \u00a2. Crossbreds again proved more resilient, with the 28 MPG slipping 20 \u00a2 to 650 \u00a2 and the 30 MPG easing 7 \u00a2 to 573 \u00a2.<\/p>\n
On an interesting note, AWEX this week launched the \u201cStep-Up Bonus,\u201d offering a $5 per bale rebate for wool sold under the Sustainawool or Responsiwool (AWSS) program. The initiative aims to boost grower participation in certified sustainability schemes. While modest in value, it comes as the Australian dollar trades around US 65 \u00a2 and 56 \u00a2 against the euro, levels that enhance export competitiveness. Stronger sustainability credentials, coupled with a weaker currency, could help bolster demand from European and premium apparel markets seeking ethically sourced fibre.<\/p>\n