AUSTRALIAN WEEKLY MARKET REPORT - The Schneider Group

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.