The trade focus is now on vegetable matter with the better specification fleece tested with less than 1.5% VM attracting the most competition. The market remains extremely resilient at this level with some variability based only on quality. Fine wool prices are traditionally more volatile at this time of the year which is in line with the variable supply of fine types. The market movement will very much depend on the wool available on the day. It’s been a very encouraging period for the wool market and this is helping to create a greater level of confidence.

AWEX Eastern Indicator compared with 14/05/2021

Eastern Indicator

Close: 1315

Change in % +0.69

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Authentico Index Values

15 Micron

Close: 3448

Change in %:  +2.62

16 Micron

Close: 2757

Change in %: -5.42

17 Micron

Close: 2383

Change in %: +0.55

18 Micron

Close: 2062

Change in %: +1.58

19 Micron

Close: 1741

Change in %: +2.11

Authentico Indicator

Close: 2404

Change in %: -0.21


The national offering is expected to tail off a little within a few weeks. Growers have shown that they are prepared to wait if their wool doesn’t meet the general market level. This trend has been a noticeable shift in the grower’s risk management. With wool income now matched to the income from the sheep and meat for many wool producers, growers are prepared and able to wait for more stable market conditions and this is certainly helping the market during this period.

Auction offering – current week

Market          Sale         Offered        Sold       Passed In

North                      S 47                  12391                   11116                10.3%

South                     M 47                 22674                  20156               11.1%

West                       F 47                   6792                    6028                11.2%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 48                     T-W                         12732

South                     M 48                   T-W-T                       27698

West                       F 48                      T-W                          6598


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