While the gains last week were gentle, the wool market has not been above 800c/kg since late May.

Callum Downs commodity analyst Malcolm Bartholomaeus said growers should look forward to an up turn in prices in the short term.

"At this stage in the market growers should not feel pressured to sell knowing there are tight wool supplies," he said.

"Where my concern comes in is are we looking at cyclical demand or just short sharp supply drive price spike?

"I do hold grave concerns for the market late next year and 2011 - the market rarely holds for more than 18 months."

He said the anticipated second wave of global economic shock announced by Treasury secretary Ken Henry on Monday could spark another down turn.

The mood in the wool auction was bolstered last week by increased competition in the buying mix, with eight brokers buying a similar portion of the decreased sized offering.

One country persistent in its orders is India, which in 2008-09 bought by value a steady 7 per cent of the market.

"Most economists see India as one of the emerging markets as it has been a long time textile hub," Australian Council of Wool Exporters and Processors president Michael Avery said.

"It is a matter of their logistics domestically how much the market grows each year."

A similar sized offering to last week of 35,000 bales are rostered for sale in Sydney, Melbourne and Fremantle this week.