AUSTRALIAN WEEKLY MARKET REPORT – The Schneider Group

Comment

The market opened cautiously following reports of limited interest from Chinese topmakers over the mid-year recess. However, after the opening, prices steadily improved over both days to finish at the highest point of the week. Topmakers initially started to buy and were followed by the larger trading companies. The better wools were much less affected. The Authentico index values are reflecting a better wool type, NM and certified. For 16.0 micron,17.0 micron and 18.0 micron they were only 0.6%, 1.2% and 0.2% down respectively for the week. This is much less than the average AWEX EMI (minus 3.8%) which focuses on a wider basket of types.

AWEX Eastern Indicator compared with 24/07/26

Eastern Indicator

Close: 1812

Change in % -3.8

Authentico Index Values

15 Micron

Close: 3094

Change in %: -3.4

16 Micron

Close: 2844

Change in %: -0.6

17 Micron

Close: 2784

Change in %: -1.2

18 Micron

Close: 2679

Change in %: -0.2

19 Micron

Close: 2439

Change in %: -2.4

Authentico Indicator

Close: 2761

Change in %: -1.2

Forecast

Food for thought – reports are coming in regarding the reduced supply for the new season. The New England region, often regarded as a consistent supplier of the best fine wool, is expecting a reduced production by another 20% to 25% this year. Despite the better prices, traditional wool growers are continuing to move to alternative enterprises on farm to manage rising costs, particularly related to wool production. While the national production continues to move finer, it’s the limited supply of the better wools that will certainly be a concern for some.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 08	12725	10952	13.9%
South	M 08	18801	15959	15.1%
West	F 08	4704	3310	29.6%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S 09	T / W	9657
South	M 09	T / W	13580
West	F 09	T	2803

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