Australian Weekly Market Report

Published March 15, 2019 by Charlie Toll

Comment

Further easing in the market across most types and descriptions is making trading conditions difficult. The selection is quite average and deteriorating weekly. The better specification wools were also a little easier this week but to a lesser extent compared to the low yielding types. These were irregular and particularly as the sale progressed, buyers found them increasingly difficult to include in production and sale batches.

AWEX Eastern Indicator compared with 08/03/2019

Eastern Indicator

Close: 1979

Change in % -1.44%

If you want to learn more about AWEX indicators, visit the official website http://www.awex.com.au

Schneider Indicators compared with 08/03/2019

15 Micron (*)

Close: 2,900

Change in %: +1.48

16 Micron

Close: 2,628

Change in %: +1.64

17 Micron

Close:  2,422

Change in %: -2.19

18 Micron

Close: 2,355

Change in %: -0.81

19 Micron

Close: 2,263

Change in %: -2.08

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.

If you want to learn more about SCHNEIDER indicators Click here.

Forecast

The disturbing trend of some growers to prepare their wool ‘unskirted’ or not to class their clip to the Code of Practice standard is costing the industry greatly. Not only those wools which, when the market is in an easing trend like now are clearly avoided by most buyers, but these types drop the standard and reputation of our national clip and lead to lower average prices. All growers and their brokers must be encouraged to follow the AWEX Code of Practice for wool preparation and to use a registered wool classer. Any system that reduces standards for a perceived net financial gain can only lead to long term lower prices. Wool is a luxury product and current prices should demand a quality preparation. Now is not the time to lower our standards.

Auction offering – current week

Selling Centres for week 37

Market          Sale          Offered          Sold          Passed In

North                    S 37                 8622                   7741                   10.2%

South                   M 37                 21972                 19130                 12.9%

West                     F 37                 10191                  8811                   13.5%

Auction offering – next week

Market          Sale          Sale days          Volume

North                   S 38                 W-T                           10966

South                   M 38                W-T                           22821

West                     F 38                 W-T                          10350

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