Week 33 showed how resilient the market can be when we have the biggest offering we have seen for twelve months coupled with the best offering of high quality superfine merino wool this season. Growers backed their judgement this week and were rewarded with outstanding  prices and competition especially for RWS, Authentico, NM & CM accredited wools topping the sale. The large offering provided good opportunities for exporters to purchase volume of high quality fine wool to meet the demands of the market. Chinese specifications were a little irregular, however bounced to finish strongly at the close of sales in Melbourne yesterday. RWS crossbred wool also attracting incentives from 25 to 32 micron at around 50ac clean above the spot market. We would like to thank our dedicated growers and brokers for offering such an outstanding selection this week.

AWEX Eastern Indicator compared with 11/02/2022

Eastern Indicator

Close: 1420

Change in % -0.10

If you want to learn more about AWEX indicators, visit the official website

Authentico Index Values

15 Micron

Close: 4030

Change in %: +4.30

16 Micron

Close: 3373

Change in %: +2.30

17 Micron

Close: 2905

Change in %: +3.10

18 Micron

Close: 2454

Change in %: +3.50

19 Micron

Close: 1993

Change in %:  +6.20

Authentico Indicator

Close: 2885

Change in %: +3.40


Shipping delays continue to hold a cloud of uncertainty over the market. As we have seen this week demand is healthy, offered volumes are good despite the shearing delays due to covid and weather restrictions and textile exports out of China continue to improve which leads us to believe the sustainability of the market achievable in the coming weeks.

Auction offering – current week

Market          Sale         Offered        Sold       Passed In

North                      S 33                  11123                   10273                  7.6%

South                     M 33                  28692                  25669                10.5%

West                       F 33                   9175                      8318                    9.3%

Auction offering – next week

Market          Sale          Sale days     Volume

North                      S 34                    T / W                     12880

South                     M 34                 T  / W / T                25973

West                       F 34                     T / W                     11289

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