It was another positive week for the wool market. There appears to be more sectors active at the moment. There remains keener interest in the better lots and while difficult to measure in premiums, we continue to see more demand at auction for NM lots with certain good specifications. While prices settled a little on Tuesday, the relatively small movement, on recent standards, did lead to more confidence leading into Wednesday’s sale. No doubt some timing advantage with any requirement for pre-New Year shipment required to be bought now did help the market.

AWEX Eastern Indicator compared with 27/11/2020

Eastern Indicator

Close: 1144

Change in % -0.52%

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Authentico Index Values

15 Micron

Close: 2673

Change in %:  +1.71

16 Micron

Close: 2273

Change in %: +1.65

17 Micron

Close: 1981

Change in %: +1.64

18 Micron

Close: 1710

Change in %: -0.58

19 Micron

Close: 1525

Change in %: +1.33

Authentico Indicator

Close: 1982

Change in %: +1.54


While 41,000 bales were initially rostered for sale this week, only 36,000 bales were eventually offered and another 10% passed in. This is helping to ensure some stability. Another 41,000 bales are rostered for sale next week with the potential for less being available come sale day. There is no sale in South Africa and the merinos from New Zealand are coming toward the end of the season. Crossbred types have fallen a little from favour but they too remained firm on Wednesday. The Australian dollar is continuing to strengthen against the USD and this will be closely monitored by traders leading into Tuesday’s sale.

Auction offering – current week

Market          Sale          Offered             Sold       Passed In

North                      S 23                     8920                        8054                  9.7%

South                     M 23                    20379                      18256                10.4%

West                       F 23                      6687                         6013                 10.1%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 24                        T / W                       10301

South                      M 24                       T / W                       24408

West                        F 24                        T / W                        7118


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