It’s fair to say that marts are experiencing one of their most turbulent years of trading. As Adam Woods reports this week, mart throughput collapsed during the busy trading months of March, April and May. This dented mart finances significantly, but thankfully some lost ground has been made up, with throughput running much higher during June, July and August.
The introduction of online trading platforms has helped, but the real life of the auction system remains with bidders at the ringside. Adherence to social distancing guidelines and wearing face masks is critical to complying with Government guidelines and remaining in a position of being able to permit buyers entry to the ringside and sellers entry to sell their stock.