AUSTRALIAN WEEKLY MARKET REPORT

Comment

The market was generally cheaper across the board this week. The positives that can be taken from the sale, however, were the few better superfine types. They were hard to quote in such small supply, buy they remain firm and keenly sought after. The passed in rate increased to a national total of just under 20% for the week and the market rallied a little later in the sale. The Sydney market closed with little change for any good lines with good measurements and Fremantle, the last centre to close, rallied towards the end.

AWEX Eastern Indicator compared with 10/03/2022

Eastern Indicator

Close: 1317

Change in % -3.0

Authentico Index Values

15 Micron

Close: 3851

Change in %: unch

16 Micron

Close: 3003

Change in %: +1.3

17 Micron

Close: 2648

Change in %: -0.6

18 Micron

Close: 2180

Change in %: -2.8

19 Micron

Close: 1848

Change in %:  -1.5

Authentico Indicator

Close: 2619

Change in %: -0.7

Forecast

National quantities will ease now, as they usually do at this time of year. Following the market performance this week, we also expect some clips not to make it to auction. Some growers will likely op to park their wool away and wait for a better market to sell into.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 37	12535	10856	13.4%
South	M 37	23051	18500	19.7%
West	F 37	8463	6175	27.0%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S 38	T / W	10280
South	M 38	T / W / T	26176
West	F 38	T / W	9818

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