The gap between certified wool and non certified wool continues to widen in the closing week of sales. The large volume offered did test the market, however it is segmented with best style and strength less affected by this weeks activity. Greasy wool traders took the opportunity to take some cover against open positions, whilst the indent buyers were a little more cautious still struggling with an overwhelmingly poor selection to close the season. M01 starts next week with healthy figures which may encourage better activity as exporters are able to sell into a larger selection more confidently.
AWEX Eastern Indicator compared with 24/06/2022
Change in % -2.99
Authentico Index Values
Change in %: +2.0
Change in %: -0.9
Change in %: -3.35
Change in %: -3.58
Change in %: -3.87
Change in %: -2.15
Week 01 next week has 52,000 bales on offer which may attract some activity with exporters able to sell into the bigger volume. Chinese interests have express a desire to keep buying despite this weeks drop. The A$ has fallen below .6900 which may help keep the market in positive territory. We also expect some nice wool to emerge from hold as growers choose to sell in the new financial year.
Auction offering – current week
Auction offering – next week
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