An incredibly difficult week for exporters this week with negative activity at auctions on Wednesday as limited trading and a general nervousness from the Chinese sector due to covid and power related issues. Add to this cash flow constraints coupled with slow shipping schedules and rising container costs. The market dropped a solid 30 cents on the Eastern Indicator and grower resistance with approx. 25% of the offering passed in and withdrawn was enough to generate active trade for Thursday auctions. Most sectors were active and helping most micron indicators into positive territory by auction close. RWS & NM wool was keenly sought again this week with good incentives for best style and strength on offer. Interesting to note that we are experiencing some resistance from international customers as RWS has rallied to seemingly unsustainable levels.

AWEX Eastern Indicator compared with 24/09/2021

Eastern Indicator

Close: 1337

Change in % -2.30

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

Authentico Index Values

15 Micron

Close: 3720

Change in %:  -3.20

16 Micron

Close: 3198

Change in %: +1.30

17 Micron

Close: 2759

Change in %: +0.40

18 Micron

Close: 2284

Change in %: +0.20

19 Micron

Close: 1799

Change in %: -2.40

Authentico Indicator

Close: 2704

Change in %: -0.11


The outlook for the market in the coming weeks is quite positive. With auction volumes around the 35-40,000 bale mark and growers prepared to hold if prices are not reflective of good value will certainly see the market stay in positive territory. Increased activity from Europe particularly in the high quality fine end of the market is encouraging.

Auction offering – current week

Market          Sale         Offered        Sold       Passed In

North                      S 13                   11604                   9271                20.1%

South                     M 13                  20389                 16259               20.3%

West                       F 13                    7536                     5040                33.1%

Auction offering – next week

Market          Sale          Sale days     Volume

North                      S 14                      W / T                    12119

South                      M 14                     W / T                   23249

West                        F 14                      W / T                     6751

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