AUSTRALIAN WEEKLY MARKET REPORT
We are still seeing large national offerings. As the market settled a little this week, the passed in rate and the rate in which wool was withdrawn prior to sale increased. This time last week 48,000 bales were expected to go under the hammer, in the end only 40,000 were sold. The biggest passed in percentage is in the crossbred section where prices remain low as supply increases and demand for crossbred wool is poor. We are noticing a big difference in the price offered on the crossbreds that have been well prepared compared to those that are just ‘thrown’ together without effort to maintain quality.
Despite the national indicators easing, the Authentico indicators were slightly more positive in comparison as they focus more on quality fine fleece wool and those with NM and CM mulesing status only.
AWEX Eastern Indicator compared with 30/04/2021
Change in % -1.71
If you want to learn more about AWEX indicators, visit the official website http://www.awex.com.au
Authentico Index Values
Change in %: +2.92
Change in %: +1.91
Change in %: -0.5
Change in %: UNCH
Change in %: -2.14
Change in %: +0.5
The large national offering of 54,000 bales currently rostered for sale next week is likely to put some pressure on the general market. However, those better specification wools with low VM and, in particular, those with the NM status, will still be keenly sought after. The general offering is quite high in VM and this is making it more difficult for buyers to average much of the offering into orders that must average VM 1.0%.
Auction offering – current week
Market Sale Offered Sold Passed In
North S 45 13570 12309 9.3%
South M 45 23881 20091 15.9%
West F 45 10107 7903 21.8%
Auction offering – next week
Market Sale Sale days Volume
North S 46 T-W 14096
South M 46 T-W-T 30196
West F 46 T-W 10460
If you want to see the complete Wool Sales Roster click here.