AUSTRALIAN WEEKLY MARKET REPORT

Comment

Quality is the main factor pre-determining competition. Low vegetable matter is the most common reason for buyer interest along with mulesing status and staple strength. As the season moves towards the winter months, the selection traditionally deteriorates. This factor is more obvious this season than is usually the case. Strong fine wool prices have meant that most of them have been sold earlier in the year and the excellent season has resulted in more vegetable matter in the current clip. Our Authentico index’s, focusing on NM and quality fine fleece wool, remain generally positive while the selection is more limited. Buyer interest in these fewer bales on offer, remains strong.

F

AWEX Eastern Indicator compared with 20/05/2022

Eastern Indicator

Close: 1420

Change in % -0.98

Authentico Index Values

15 Micron

Close: 4027

Change in %: +2.21

16 Micron

Close: 3429

Change in %: +1.99

17 Micron

Close: 2966

Change in %: +2.21

18 Micron

Close: 2355

Change in %: -1.96

19 Micron

Close: 1865

Change in %:  -0.53

Authentico Indicator

Close: 2871

Change in %: +0.91

Forecast

The national offering next week drops below 40,000 bales. The week after will be even smaller with no Fremantle sale. This is likely to keep indent buyers interested and traders cautious.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 47	12907	11088	14.1%
South	M 47	24360	21293	12.6%
West	F 47	7792	6376	18.2%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S 48	T-W	8817
South	M 48	T-W	21398
West	F 48	T-W	7076

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