Volatility continues. Tuesday this week saw the second greatest one day increase for the EMI according to AWEX reports, the largest being in September 2019. This followed with an easing in prices on Wednesday. The demand is for prompt delivery of greasy wool to China, clearly in short supply, and this is fuelling the volatility. We see this around this time of the year regularly. The uncertainty regarding the global situation is only making the situation more complicated. We are however, pleased to see the fortunes of the market improve. Good wool prices and strong livestock values will surely help to build the future of the merino industry in Australia. The finer merino types continue to be keenly sought after and the crossbred types at the other end of the scale were also in demand this week, closing at the highest point.

AWEX Eastern Indicator compared with 16/10/2020

Eastern Indicator

Close: 1219

Change in % +9.13%

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Authentico Index Values

15 Micron

Close: 2635

Change in %:  +2.73

16 Micron

Close: 2232

Change in %: +4.49

17 Micron

Close: 1979

Change in %: +6.11

18 Micron

Close: 1740

Change in %: +4.13

19 Micron

Close: 1536

Change in %: +6.37

Authentico Indicator

Close: 1979

Change in %: +4.76


We’ve been keenly observing the strong ram sale results in the past month. Stud breeders from across Australia have all seen greater clearance numbers and increased average prices for their stud sheep. This is a show of strength for the merino industry in Australia. It would appear that wool producers are trying to rebuild numbers in a much better season. The focus on ram selection is on quality wool and increased fertility. Surplus sheep and breeding stock in particular are extremely valuable and if current wool prices are sustainable, which we hope they are, this will help to stabilise supply for the next couple of years.

Auction offering – current week

Market          Sale          Offered             Sold       Passed In

North                      S 17                      8122                         7929                  2.4%

South                     M 17                     15674                       14903                 4.9%

West                       F 17                       9278                         8261                 11.0%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 18                        T / W                        12122

South                      M 18                       T / W                       20994

West                        F 18                        T / W                       10888


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