National auction sales have closed for 2018 on a positive note. All types and descriptions have improved over the week in a large national selection. Disappointingly there seemed a larger than usual proportion of the offering was bulk class but this didn’t affect the market sentiment with prices improving until the close. It was a modest and somewhat mature finish for a turbulent year as the market appears to have settled at a reasonable level for both buyers and sellers. AWEX reported the EMI has finished 5.8% higher over the year.
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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We’ve reported before about the reduction in supply. For the season July to December, first hand grower offerings are 21.3% down compared to the same time last year. That doesn’t necessarily reflect a reduction in annual production by this volume but it points out that last year a large volume of grower held wool was ‘flushed out’ and can no longer act as a buffer to market volatility. We remain concerned for volume post-Christmas, like everyone else, and the usual trend is a strong market leading towards the Chinese New Year.
We’d like to wish everyone a very Merry Christmas and a healthy and prosperous New Year. Sales will recommence the week of 7th January.
Auction offering – current week
Selling Centres for week 24
Market Sale Offered Sold Passed In
North S 24 12212 11317 7.3%
South M 24 25162 23250 7.6%
West F 24 8629 7962 7.7%
Auction offering – next week
Market Sale Sale days Volume
North no sale
South no sale
West no sale
If you want to see the complete Wool Sales Roster click here.