Prices were generally well maintained this week in one of the more stable markets in recent months. Buying pressure from those representing Chinese traders and Topmakers was more noticeable and this was despite the concern of the large national offering. Growers did remove some wool from sale prior to auction which reduced the final numbers available but still another M$62 worth of wool was sold to the trade. All fleece types and descriptions in general closed a little dearer compared to last week except that with less interest on the mulesing status from China, the Authentico index’s weren’t as affected.

AWEX Eastern Indicator compared with 06/12/2019

Eastern Indicator

Close: 1503

Change in % +0.74

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Authentico Index Values

15 Micron

Close: 2473

Change in %: -0.24

16 Micron

Close: 2249

Change in %: +0.13

17 Micron

Close: 2051

Change in %: -1.68

18 Micron

Close: 1941

Change in %: -1.47

19 Micron

Close: 1861

Change in %: -2.26

Authentico Indicator

Close: 2081

Change in %: -1.09


There does appear more demand as we move closer to the New Year. Perhaps some are expecting a stronger market in January which is often the case. It will probably depend a little on how we finish next week with another 39,000 bales available.

It’s difficult to get a line on what volume of grower held bales are now lying in store waiting for a better market. No doubt growers are more focused on selling into a good market and this has certainly helped to sell this year’s clip in a more orderly fashion. This is expected to continue. For example, despite the positive result for the week, approximately 20% of the original volume available was either withdrawn prior to sale (10%) or passed in below grower reserves (10%).

Next we sell on Tuesday and Wednesday nationally.

Auction offering – current week

Selling Centres for week 24

Market          Sale          Offered             Sold       Passed In

North                      S 24                     9777                         8999                  8.0%

South                     M 24                    24112                       21502                10.8%

West                       F 24                      8653                        7484                  13.5%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 25                       T-W                         10400

South                      M 25                      T-W                         20468

West                        F 25                       T-W                          8562


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