A degree of panic buying emerged this week. There is no shortage of wool in general terms, with broker warehouses still holding more bales than this time last year. However, there is no doubt a shortage of fine wool and these types are more affected by this squeeze than the other types. There is sufficient interest in all wool sub 18.0 micron, but particularly those 16.0 and finer. It’s not just combing merino types but cardings and crossbred wools were also keenly sought after this week. All current buying is for prompt demand and immediate delivery. The better fine types were well supported to the close of sale while the medium and broader merinos fell late in the sale Thursday.

AWEX Eastern Indicator compared with 22/01/2021

Eastern Indicator

Close: 1291

Change in % +7.40%

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Authentico Index Values

15 Micron

Close: 3388

Change in %:  +11.08

16 Micron

Close: 2655

Change in %: +2.51

17 Micron

Close: 2255

Change in %: +3.49

18 Micron

Close: 1941

Change in %: +5.49

19 Micron

Close: 1687

Change in %: +7.59

Authentico Indicator

Close: 2297

Change in %: +5.08


We have a few sales in February where we expect a better selection of fine wool. There is a fine wool sale next week in Sydney (WK32) that will offer some selected clips from the Goulburn / Yass district. This is followed by the Tasmanian feature sale in Melbourne (WK33) and a New Zealand offering (WK34)  that is expected to offer predominantly fine and superfine types.

The cheaper market in Fremantle on Thursday is expected to flow through to Sydney and Melbourne auctions on Tuesday next week but some expect that the market might not be that bad. For sure it will be cheaper but growers are expected to pass wool in and surely the market sentiment can’t be that much different form one week to the next.

Auction offering – current week

Market          Sale          Offered             Sold       Passed In

North                      S 31                     10244                        9761                4.7%

South                     M 31                     21053                       19756               6.2%

West                       F 31                       8544                         8025               6.1%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 32                      T – W                          13432

South                     M 32                      T – W                          24975

West                       F 32                       T- W                            8417


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