AUSTRALIAN WEEKLY MARKET REPORT

Comment

The wool market closed for the recess period on a very positive tone with all sectors active. Europe has had a better than expected last quarter which signals encouraging times ahead for 2022. China has supported the wool market throughout what has been a difficult year and looks forward to a more prosperous 2022. RWS, NM & CM certified wool continues to attract healthy incentives giving growers confidence that providing the market with a greater volume for our international brand partners will create strong competition.

AWEX Eastern Indicator compared with 10/12/2021

Eastern Indicator

Close: 1358

Change in % -0.01

If you want to learn more about AWEX indicators, visit the official website http://www.awex.com.au

Authentico Index Values

15 Micron

Close: 3797

Change in %:  -1.60

16 Micron

Close: 3050

Change in %: -3.0

17 Micron

Close: 2646

Change in %: +1.00

18 Micron

Close: 2227

Change in %: -1.00

19 Micron

Close: 1835

Change in %: -2.00

Authentico Indicator

Close: 2635

Change in %: -1.00

Forecast

The wool market is in RECESS now for 3 weeks for a well earned rest in what has been a tumultuous first half of the season. Better than expected seasonal conditions have caused unprecedented delays with shearing and transport of wool to the market. We can only hope that 2022 delivers more prosperous times for all sectors of the industry.

Auction offering – current week

Market          Sale         Offered        Sold       Passed In

North              S 24           11361       10070         11.4%

South               M 24           22477        19402        13.7%

West                F 24            7024       5793         17.5%

Auction offering – next week

Market          Sale          Sale days     Volume

North               S 25           RECESS

South               M 25          RECESS

West                F 25           RECESS

If you want to see the complete Wool Sales Roster click here.