AUSTRALIAN WEEKLY MARKET REPORT
It has been another very encouraging week for the wool market. Stock levels through the production pipeline have been reduced over the past twelve months and this is leaving many with some interesting decisions to ensure they are not left without stock as global conditions gradually improve. There have been significant improvements in price for the fine wool sector in recent weeks while the selection was favourable. Now that the fine wool offering is dropping off, the focus is shifting to the medium and broader merinos which all advance strongly this week and closed on a very firm note.
AWEX Eastern Indicator compared with 12/02/2021
Change in % +3.37
If you want to learn more about AWEX indicators, visit the official website http://www.awex.com.au
Authentico Index Values
Change in %: -4.8
Change in %: -0.76
Change in %: -0.70
Change in %: +2.18
Change in %: +2.72
Change in %: -0.35
Another large volume sale next week. The selection is set to deteriorate over the coming months. We’re expecting to see more tender wool and higher VM along with a slow release of grower held drought affected wool that is currently held in store. This should help to maintain pressure on all good specification wool over the short to medium term. Particularly 18.5 micron and finer.
Grass seed or shive is a real problem in the wool combing process. We’re seeing more shive in the offering. Shive is the lightest weight VM in the test but causes the most contamination so we are being cautious during the inspection of the samples.
The market maturity and interest in traceable supply chains and in particular our Authentico Integrity Scheme on traceable wool tops back to the wool grower origin is gaining strong momentum. More and more clients are looking to add a traceable supply chain to their inventory requirements. Now that this option is becoming a commercial reality for our clients, we’re seeing stronger demand for Authentico certified wool.
Auction offering – current week
Market Sale Offered Sold Passed In
North S 34 11037 9844 10.8%
South M 34 23588 21405 9.3%
West F 34 9751 8839 9.4%
Auction offering – next week
Market Sale Sale days Volume
North S 35 T – W 13710
South M 35 T – W – T 28336
West F 35 T- W 10568
If you want to see the complete Wool Sales Roster click here.