A relatively quiet week in the wool market this week, with approx. 33,000 bales sold with approx. 5,000 bales passed in or withdrawn. This signals a new era of growers having the ability to shape the market trend by withholding some of their wool for marketing in future months. With the agricultural boom we are experiencing, growers are not pressured into selling all their wool at one time. Whilst the fine market has had a few negative weeks, we saw these move into a holding pattern this week. Best style and strength are still in demand and not just NM and CM certified wool. Chinese interests are keenest on 19.5 micron and broader, they did not miss the opportunity to capitalize on value operating quite aggressively on 17.5 and 18.5 micron also. Higher VM wool looks good value currently, especially bathurst burr which combs out very easily providing topmakers with some buying opportunities. Europe, Japan, and China are all experiencing a slow in demand however this is quite normal for this time of the year.

AWEX Eastern Indicator compared with 09/09/2022

Eastern Indicator

Close: 1306

Change in % -1.00

Authentico Index Values

15 Micron

Close: 3879

Change in %: +0.00

16 Micron

Close: 3200

Change in %: -2.00

17 Micron

Close: 2685

Change in %: -3.0

18 Micron

Close: 2140

Change in %: +0.50

19 Micron

Close: 1765

Change in %:  -1.0

Authentico Indicator

Close: 2664

Change in %: -1.0


A general slowing in demand which is quite common for this time of the year. To counter this smaller volumes on offer in the coming weeks as we are still struggling with weather and shearer issues and delays. Combing capacity around the globe is extensively booked until the first quarter of 2023. We are seeing some positive trends in shipping and containerization issues especially cost related to China. Currency is favorable and in USD terms wool looks cheap when compared to other natural fibres. We hope this will encourage traders and processors to keep buying in the coming weeks.

Auction offering – current week

MarketSaleOfferedSoldPassed In
NorthS 11 10847 9835 9.3%
SouthM 11 1758815437 12.2%
WestF 11 6978 6148 11.9%

Auction offering – next week

Sale days
NorthS 12 T – W11285
SouthM 12 T – W20859
WestF 12 T – W 6881

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