AUSTRALIAN WEEKLY MARKET REPORT
A little under 45,000 bales were offered to the trade in the final sale for 2020. This is about 9% less than what was rostered. We appreciate the transparent approach of the Australian industry in providing such information but this ‘over estimation’ could well have created unnecessary concern leading into the large sale. We urge all brokers to take care when providing their pre-sale figures. The information is made public and, when incorrect, it can place unnecessary pressure in a fragile market. Only 36,000 of these bales were eventually sold. The market was cheaper across the board in local currency terms but with the Australian dollar strengthening to 0.755 against the USD, the market was only down about 2% over the sale in US terms. It was well worth noting that prices were improving across the whole range of types towards the close of sale to finish on an upward trend. Like last week, the better fine fleece and all fine carding types were most keenly sought after in limited supply.
AWEX Eastern Indicator compared with 11/12/2020
Change in % -3.42%
If you want to learn more about AWEX indicators, visit the official website http://www.awex.com.au
Authentico Index Values
Change in %: +0.42
Change in %: -2.59
Change in %: -2.37
Change in %: -3.47
Change in %: -3.73
Change in %: -2.42
We’d like to wish everyone a very Merry Christmas and a safe, healthy and happy New Year. We very much look forward to improving global circumstances in 2021. Sales will resume the week of 11th January.
Auction offering – current week
Market Sale Offered Sold Passed In
North S 25 10674 9419 11.8%
South M 25 24132 19650 18.6%
West F 25 10029 7540 24.8%
Auction offering – next week
Market Sale Sale days Volume
North no sale
South no sale
West no sale
If you want to see the complete Wool Sales Roster click here.