Sales opened for the 2018 calendar year on a very positive tone, following on from the extremely buoyant market of 2017. All types and descriptions opened dearer despite 53,000 bales being offered nationally and an Australian dollar that had improved by almost 2.5% since the last sale day of 2017. The AWEX Eastern Indicator crashed through the 1800 mark, another record, to close at 1818 on Thursday evening. After the extreme market on Tuesday and Wednesday, and a little ‘catch up’ factor in Sydney and Fremantle, prices did seem to settle somewhat on Thursday. Competition was a little more restricted to the larger few buyers, at least that’s how it felt sitting in the sale room. However, records keep tumbling and this has not been a normal season. 2018 opened in a similar pattern to recent year’s January sales.
compared with 14/12/2017
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|SCHNEIDER INDICATORScompared with14/12/2017|
|15 MICRON (*)||2854||0.00|
|(*) Marketed from September to March|
Each indicator is expressed by a number representing a market quotation for a selected range of types and is not a price expression and it's not influenced by currency fluctuations.
Wool indicators are anyway based on Australian Dollar.
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Despite 53,500 bales being on offer, our clients would be very surprised at how little wool there is suitable for our regular client’s requirements. The selection seems broader, at least less fine wool, and there is an abnormally high percentage of crossbred types on offer. Some of them quite inferior for style and quality. Unfortunately, many crossbred farmers remain more focused on the meat than wool quality and preparation.
Vegetable matter is increasing and there is a degree of prem-shorn wool on offer as growers sheer earlier to take advantage of the market. This will alter the normal flow of wool in coming months.
G Schneider Australia had the pleasure of buying a nice bale of 18.7 micron branded “CANCER COUNCIL”. This bale was offered on behalf of the Trynow Merino Stud of Goolma, NSW. The owner having had his own battle with cancer, now in remission, donated the proceeds to the Cancer Council. We were very pleased to support this cause and to buy this nice bale. It will be processed in our mill, Mediterranean Wool Industries in Egypt before delivery in a high-quality wool top destined for one of our premium Italian weaver clients.
|SELLING CENTRES FOR WEEK 28|
|SELLING CENTRES FOR THE NEXT WEEK 29|
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