AUSTRALIAN WEEKLY MARKET REPORT

Comment

What a difference a week makes. The market caught between strong demand and a deteriorating selection failed to deliver another week of significant gains. Low yields, low strength, high mid breaks all played their part in shaping the market. The shining light this week was the small selection of certified high-quality wool available which attracted keen competition from all sectors. European interests led the way on anything stylish and sound, whilst the Chinese types suffered a general softening across the range. Low yields and high VM were also heavily discounted. Processing types continue to sell well, as traders continue to sell into the larger offerings. Crossbred types took another breath this week with RWS premiums disappearing. India appeared to be a little more active via indent, whilst greasy traders have been able to sell stock despite the strength of the currency. Higher fuel prices are playing a factor in the market as transport cost continue to escalate week on week.

AWEX Eastern Indicator compared with 13/03/26

Eastern Indicator

Close: 1751

Change in -1.8

Authentico Index Values

15 Micron

Close: 3239

Change in %: -0.9

16 Micron

Close: 2702

Change in %: -1.5

17 Micron

Close: 2607

Change in %: – 0.4

18 Micron

Close: 2464

Change in %: -1.6

19 Micron

Close: 2384

Change in %:  -2.1

Authentico Indicator

Close: 2624

Change in %: -1.2

Forecast

Another 40,000 bales on offer next week should encourage more sales into a larger offering. The currency is a bit weaker today which will hopefully assist. Strong demand is likely to continue, which will hopefully help the market remain sustainable at this level.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 38	10547	9643	8.6%
South	M 38	22068	19549	11.4%
West	F 38	9663	7380	23.6%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S 39	T / W	9169
South	M 39	T / W	21542
West	F 39	T / W	10198

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