An extremely small nationally offering, the smallest in nine months according to AWEX, has resulted in a dearer market across the board. Local trading companies competed with topmakers and indent buyers with the focus again on good specification, light fault types. There were selected superfine clips that sold to levels up to 3% above last week in the 17.0 to 18.5 micron range. The selection of best fine wool is extremely small at this time of the season and restricted to selected clips only.
AWEX Eastern Indicator compared with 03/06/2022
Change in % +1.69
Authentico Index Values
Change in %: -0.44
Change in %: +1.60
Change in %: -0.57
Change in %: +0.08
Change in %: +1.12
Change in %: -0.1
We have just the four selling weeks remining before the annual three week recess. Next Monday is a national holiday in Australia so sales will be held on Wednesday and Thursday. We often have a larger sale the first week of July with growers taking advantage of the new financial year to sell wool. Sale 01 is likely to be a large sale again this year. We have been offering less wool in recent weeks compared to the same period last year, and we also note that there is a reasonable percentage of old wool on offer at the moment. Estimates have the percentage of old wool on the market in excess of 10% of the weekly auction volume. Exporters showed a more clear intent this week but in a small national offering.
Auction offering – current week
Auction offering – next week
If you want to see the complete Wool Sales Roster click here.