Local traders are reporting that greasy trading conditions are still good. This is despite the uncertainty regarding ocean freight and related finance delays as well the logistic issues in China as a result of the latest covid-19 situation. This positiveness was evident in the market. It was clear that competition was stronger from the start and this followed through to a good increase in overall market prices on Wednesday.

AWEX Eastern Indicator compared with 29/04/2022

Eastern Indicator

Close: 1401

Change in % +1.71

Authentico Index Values

15 Micron

Close: 3905

Change in %: unchanged (nil selection)

16 Micron

Close: 3267

Change in %: +3.15

17 Micron

Close: 2764

Change in %: -0.43

18 Micron

Close: 2312

Change in %: +0.3

19 Micron

Close: 1823

Change in %:  +0.60

Authentico Indicator

Close: 2749

Change in %: +0.73


Supply remains limited in volume and limited in terms of the quality available. The offering is broader than what we would expect at this time of the year and, as a result of the season, is containing more vegetable matter than what most commercial contracts can handle. This is creating some disparity in market prices between the lower VM FNF types (Free or Nearly Free) and those fleece lines containing higher VM. It doesn’t mean that the higher VM lines are being neglected, far from it, just that the price gap is greater than usual. Some are seeing more value in using a little more VM than what they would normally use. Currency markets will be closely monitored up until next Tuesday’s sale. We are seeing some fluctuation in the AUD against the USD with speculation on further interest rate rises.

Auction offering – current week

MarketSaleOfferedSoldPassed In
NorthS 44 95629063 5.2%
SouthM 442214020797 6.1%
WestF 44 84517891 6.6%

Auction offering – next week

Sale days
NorthS 45 T-W 9155
SouthM 45 T-W25104
WestF 45 T-W 8520

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