AUSTRALIAN WEEKLY MARKET REPORT

Comment

It was overall a slightly easing trend this week with the market again outperforming the general expectations. The same factors were influencing market trends with vegetable matter having the greatest influence. Better low VM types continue to attract good demand with some variation in the inferior and faulty types.

The was a significant disparity in market trends on the AWEX reports when comparing the MPG’s between Sydney and Melbourne on Wednesday. This would be largely due to a higher volume of RWS certified wool sold in Melbourne on that day. This has influenced the higher average prices in that market on that day.

AWEX Eastern Indicator compared with 08/04/2022

Eastern Indicator

Close: 1367

Change in % -0.15

Authentico Index Values

15 Micron

Close: 3803

Change in %: -1.04

16 Micron

Close: 3288

Change in %: -0.69

17 Micron

Close: 2793

Change in %: +1.48

18 Micron

Close: 2244

Change in %: -1.62

19 Micron

Close: 1798

Change in %:  -1.48

Authentico Indicator

Close: 2729

Change in %: -0.36

Forecast

Auctions will close for 1 week, returning the week of 25^th April. This will be a Wednesday and Thursday sale with a national public holiday, ANZAC day, falling on Monday 25^th.

We take this opportunity to wish everyone a Happy Easter

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 41	12273	10951	10.8%
South	M 41	23147	20840	10.0%
West	F 41	7891	6637	15.9%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S 42	no sale	Easter recess
South	M 42
West	F 42

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