It has been another very encouraging week for the wool market. Stock levels through the production pipeline have been reduced over the past twelve months and this is leaving many with some interesting decisions to ensure they are not left without stock as global conditions gradually improve. There have been significant improvements in price for the fine wool sector in recent weeks while the selection was favourable. Now that the fine wool offering is dropping off, the focus is shifting to the medium and broader merinos which all advance strongly this week and closed on a very firm note.

AWEX Eastern Indicator compared with 12/02/2021

Eastern Indicator

Close: 1318

Change in % +3.37

If you want to learn more about AWEX indicators, visit the official website

Authentico Index Values

15 Micron

Close: 3253

Change in %:  -4.8

16 Micron

Close: 2626

Change in %: -0.76

17 Micron

Close: 2273

Change in %: -0.70

18 Micron

Close: 1971

Change in %: +2.18

19 Micron

Close: 1739

Change in %: +2.72

Authentico Indicator

Close: 2298

Change in %: -0.35


Another large volume sale next week. The selection is set to deteriorate over the coming months. We’re expecting to see more tender wool and higher VM along with a slow release of grower held drought affected wool that is currently held in store. This should help to maintain pressure on all good specification wool over the short to medium term. Particularly 18.5 micron and finer.

Grass seed or shive is a real problem in the wool combing process. We’re seeing more shive in the offering. Shive is the lightest weight VM in the test but causes the most contamination so we are being cautious during the inspection of the samples.

The market maturity and interest in traceable supply chains and in particular our Authentico Integrity Scheme on traceable wool tops back to the wool grower origin is gaining strong momentum. More and more clients are looking to add a traceable supply chain to their inventory requirements. Now that this option is becoming a commercial reality for our clients, we’re seeing stronger demand for Authentico certified wool.

Auction offering – current week

Market          Sale          Offered             Sold       Passed In

North                      S 34                      11037                      9844                10.8%

South                     M 34                     23588                     21405                9.3%

West                       F 34                       9751                        8839                 9.4%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 35                      T – W                          13710

South                     M 35                   T – W – T                      28336

West                       F 35                       T- W                          10568


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