AUSTRALIAN WEEKLY MARKET REPORT
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
Change in % +0.69
If you want to learn more about AWEX indicators, visit the official website http://www.awex.com.au
Authentico Index Values
Change in %: +2.62
Change in %: -5.42
Change in %: +0.55
Change in %: +1.58
Change in %: +2.11
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.