The 2020 wool season has opened on a positive tone with more widespread competition on the whole range of types and qualities on offer this week. Chinese interests have continued to dominate but with more support this week from European processors. The competition from China has pushed the lower specification types and resulted in a more positive result overall. The premiums and discounts for quality remains quite small at the moment. Actual price is the most important factor as buyers, traders and processors look for value in what remains a difficult period.

AWEX Eastern Indicator compared with 26/06/2020

Eastern Indicator

Close: 1116

Change in % +0.54

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Authentico Index Values

15 Micron

Close: 2370

Change in %:  -0.92

16 Micron

Close: 1962

Change in %: -0.66

17 Micron

Close: 1721

Change in %: -1.03

18 Micron

Close: 1539

Change in %: +0.72

19 Micron

Close: 1415

Change in %: +0.07

Authentico Indicator

Close: 1749

Change in %: -0.39


It was no doubt a more positive result this week but we wouldn’t yet call it a recovery in the market. We have the one sale remaining prior to the annual 3-week recess and we would expect for this week’s trend to continue next Tuesday and Wednesday. Longer term we remain very positive for wool. The global pandemic has naturally caused considerable damage to retailers and to wider consumer confidence. However, wool is just a very small part of the global textile chain and has outstanding environmental credentials, now a huge focus of the consumer. We are very confident that once demand improves and stock levels are reduced, then price recovery could be swift. Just when this happens is difficult to gauge. Added to the scenario is the fact that local wool production continues to decline.

Auction offering – current week

Market          Sale          Offered             Sold       Passed In

North                      S 01                     9928                         9425                 5.1%

South                     M 01                    13791                        13065                5.3%

West                       F 01                      7102                         6774                  4.6%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 02                        T/W                          11600

South                     M 02                        T/W                          20363

West                        F 02                         W                              4749


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