AUSTRALIAN WEEKLY MARKET REPORT
All types and descriptions rallied this week despite nearly 42,000 bales rostered for sale. As with recent weeks, the eventual offering was less than anticipated. The final volume actually offered was 8% lower and another 5% was passed in below grower expectations despite the positive market. While buyers were actively seeking the better performing types, the shorter knitting types were also keenly supported. Even the crossbred types were dearer after having been generally neglected in recent weeks. According to AWEX reports, M$51.1 worth of wool was sold to the trade over the two sale days.
AWEX Eastern Indicator compared with 04/12/2020
Change in % +4.72%
If you want to learn more about AWEX indicators, visit the official website http://www.awex.com.au
Authentico Index Values
Change in %: +5.69
Change in %: +3.78
Change in %: +4.19
Change in %: +4.50
Change in %: +3.54
Change in %: +4.29
There is just the one sale remaining before the three-week Christmas recess. Current quantities are listed as around 49,000 bales for the week. This kind of ‘surprise’ increase could well cause some reaction from the trade but we hope and expect only minor movements into the final sale of 2020. Everyone will be hoping for a relatively positive finish. Eventually less wool will be offered and growers have the right to pass their wool in, as they’ve done this year, and this will limit the volume available for sale. There is a shortage of cardings and knitting types and this could flow on to the better combing types. The extra volume next week is likely to be more associated with crossbred fleece and crossbred lamb wool plus some drought affected bales that have been waiting for a better market. Superfine merino and quality fine merino are still in short supply and this is unlikely to change next week despite the quantity.
Auction offering – current week
Market Sale Offered Sold Passed In
North S 24 9256 8918 3.7%
South M 24 21029 19851 5.6%
West F 24 7551 7178 4.9%
Auction offering – next week
Market Sale Sale days Volume
North S 25 T / W 10848
South M 25 T / W 27961
West F 25 T / W 10317
If you want to see the complete Wool Sales Roster click here.