It was a very positive week for the Australian wool market. 44,000 bales were offered. This is 10% less than the indication last Friday and all types and descriptions were keenly sought after. The particular focus was on the finer microns. The Authentico Index values for 15.0 and 16.0 micron are now at the highest levels since we started recording them in July 2019. The 15.0 micron Authentico index is about 10% higher than February 2020 and 16.0 micron around 5% higher. There is good general demand for fine micron types but we have also seen a significant drop in supply. The AWTA key test for the 6 months to end December indicates that production for all 16.5 micron and finer is down 32% compared to the corresponding period the year before (2019). 13.5/15.5 micron is closer to 50% down. 16.5/17.5 micron is also 25% lower in comparison. The trend of the national clip has been getting finer year on year for at least 30 years now. This is a significant change.
AWEX Eastern Indicator compared with 15/01/2021
Change in % +2.56%
If you want to learn more about AWEX indicators, visit the official website http://www.awex.com.au
Authentico Index Values
Change in %: +5.24
Change in %: +8.64
Change in %: +7.6
Change in %: +5.5
Change in %: +1.55
Change in %: +6.53
With the main focus on finer and superfine types, it’s also important to note that we have almost come to the end of the selection of these types for the season. We do have a couple of sales that will offer some fine wool in February but with the improved season we expect the selection to get broader and with more VM (skirtings) as we move towards July.
Sales will be held on Wednesday and Thursday next week as we celebrate Australia Day on Tuesday
Auction offering – current week
Market Sale Offered Sold Passed In
North S 30 11734 10814 7.8%
South M 30 23861 22394 6.1%
West F 30 8659 7675 11.4%
Auction offering – next week
Market Sale Sale days Volume
North S 31 W – T 10939
South M 31 W – T 23699
West F 31 W -T 8480
If you want to see the complete Wool Sales Roster click here.