The market was a little easier over both selling days but 33,000 bales to the value of $54,000,000 sold to the trade in the week. Not a bad result in a generally negative market tone. We remain convinced that there is demand for wool, albeit a little cautious. Our fine wool Authentico index values also report a more positive market for NM/CM wool in what was a slightly better selection. There is no doubt that the better superfine clips that are either NM or CM are attracting a wider range of competition and these wool’s sold well and tended dearer. The Authentico index values for 15.0, 16.0 and 17.0 all improved a little. 18.0 was unchanged and 19.0 was easier.

AWEX Eastern Indicator compared with 22/11/2019

Eastern Indicator

Close: 1530

Change in % -1.61

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Authentico Index Values

15 Micron

Close: 2475

Change in %: +1.64

16 Micron

Close: 2314

Change in %: +1.71

17 Micron

Close: 2143

Change in %: +0.42

18 Micron

Close: 2025

Change in %: +0.05

19 Micron

Close: 1898

Change in %: -1.71

Authentico Indicator

Close: 2151

Change in %: +0.56


Just three weeks remain before the Christmas recess and it appears that the market will continue within this narrower trading range until the end of December.

It’s important to note that the strength in our index values came from the 15.0 and 16.0 range and neither of these micron ranges are included in the EMI.

Auction offering – current week

Selling Centres for week 22

Market          Sale          Offered             Sold       Passed In

North                      S 22                     10237                       8938                  12.7%

South                     M 22                     20315                      17631                  13.2%

West                       F 22                       7275                         5895                 19.0%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 23                       W-T                           10163

South                      M 23                      W-T                           23158

West                        F 23                       W-T                            7953


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