AUSTRALIAN WEEKLY MARKET REPORT
Less than enthusiastic trading this week saw the market in a downward cycle. We have seen evidence this week that when the EMI reaches approx.1370 and the USD price reaches 1000 cents per kg nervousness takes hold and the market retracts. Positives to take from the falling market are that RWS/NM/CM accredited wool did fall by as much and are being well supported. Increased volumes Nationally of RWS wool this week with approx. 2,000 bales on offer. We continue to work closely with wool brokers and wool producers to increase the volume of RWS accredited wool for our brand partners.
AWEX Eastern Indicator compared with 15/10/2021
Change in % -2.60
If you want to learn more about AWEX indicators, visit the official website http://www.awex.com.au
Authentico Index Values
Change in %: +4.70
Change in %: -0.20
Change in %: -0.40
Change in %: -0.70
Change in %: -1.20
Change in %: +0.30
A slow down in trading conditions and increased volumes on offer could see the market struggling to maintain these current levels. Expectation is for a slightly cheaper market, however with some grower resistance this may change.
Auction offering – current week
Market Sale Offered Sold Passed In
North S 17 12476 10459 16.20%
South M 17 20215 16080 20.50%
West F 17 8169 5763 29.50%
Auction offering – next week
Market Sale Sale days Volume
North S 18 W / T 8771
South M 18 W / T 24829
West F 18 W / T 6676
If you want to see the complete Wool Sales Roster click here.