Despite the larger weekly offering which included 3,000 bales from New Zealand offered in Melbourne, the market has staged a very encouraging rebound. There has seemed a level of resistance in recent weeks. Growers we offering less wool and prepared to pass their wool in. This has resulted in a squeeze on supply. Prior to the auction, the market was expected to be strong. It was the level of this market strength that caught a few by surprise. Prices continued to strengthen through the sale with indent buying dominating the market as buyers competed to secure volume.

AWEX Eastern Indicator compared with 11/09/2020

Eastern Indicator

Close: 937

Change in % +5.28

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Authentico Index Values

15 Micron

Close: 2186

Change in %:  +1.49

16 Micron

Close: 1849

Change in %: +5.29

17 Micron

Close: 1637

Change in %: +5.27

18 Micron

Close: 1449

Change in %: +7.09

19 Micron

Close: 1229

Change in %: +5.77

Authentico Indicator

Close: 1637

Change in %: +5.27


A slight reduction in volume available next week. It is a designated superfine sale in Sydney but we expect the volume of quality fine wool on offer to remain very limited. It’s hard to imagine the reduction in supply of quality superfine wool in such a short period of time.

Auction offering – current week

Market          Sale          Offered             Sold       Passed In

North                      S 12                      8376                         7870                  6.0%

South                     M 12                    13467                       12682                  5.8%

West                       F 12                      4369                         4150                   5.0%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 13                        T / W                         7652

South                      M 13                      T / W                         12795

West                        F 13                           W                            4583


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