AUSTRALIAN WEEKLY MARKET REPORT
Comment
The market was expected to continue to ease but the weaker Australian Dollar against the USD helped to stabilise the market. Prices were generally firm on Tuesday but improved on Wednesday, no doubt assisted by the more favorable currency exchange rate. The interest on Wednesday was more focused on fine and few superfine merino types and the shorter knitting types consisting of tender fleece and prems.
AWEX Eastern Indicator compared with 19/03/2021
Eastern Indicator
Close: 1285
Change in % +0.63
If you want to learn more about AWEX indicators, visit the official website http://www.awex.com.au
Authentico Index Values
15 Micron
Close: 3020
Change in %: -0.17
16 Micron
Close: 2495
Change in %: +0.08
17 Micron
Close: 2232
Change in %: +0.63
18 Micron
Close: 1925
Change in %: -0.16
19 Micron
Close: 1696
Change in %: +0.41
Authentico Indicator
Close: 2218
Change in %: +0.18
Forecast
Next week’s sale precedes the one-week Easter recess. The result this week will no doubt add some more confidence into an already very sound and resilient wool market. Any further movements on the currency markets will be closely watched between now and Tuesday with the Australian dollar currently in a weakening trend against the USD.
Auction offering – current week
Market Sale Offered Sold Passed In
North S 39 9511 8986 5.5%
South M 39 19810 17732 10.5%
West F 39 9243 8238 10.9%
Auction offering – next week
Market Sale Sale days Volume
North S 40 T – W 13202
South M 40 T – W 25945
West F 40 T – W 9682
If you want to see the complete Wool Sales Roster click here.