AUSTRALIAN WEEKLY MARKET REPORT
Prices eased in local currency this week after the very positive performance last week. The benchmark AWEX EMI was only 3c lower in USD terms with the Australian dollar strengthening against the USD. The ultrafine market was strong in a better quality and larger offering. 14.5 to 15.5 micron were particularly well sought after. 16.5-micron range didn’t fare so well and softened around 3.5% over the sale week. The better lots were least affected. The general volume on offer was larger following the increase in prices last week. Growers took the opportunity to offer wool at the higher levels. However, with prices easing, the passed in rate increased. Almost 18% of the wool offered failed to reach the grower reserve. The Sydney offering had the best clearance due to better general specification of the bales on offer.
AWEX Eastern Indicator compared with 21/10/2022
Change in % -1.74
Authentico Index Values
Change in %: +2.0
Change in %: -3.6
Change in %: -3.0
Change in %: -2.7
Change in %: -0.5
Change in %: -2.2
Rain is causing some severe flooding across the sheep and wheat belts down the east coast of Australia. This in turn will delay shearing for many. Shearer shortage is already a major concern for the industry and delays like this when no shearing is taking place, will only add to the problem. The added length that will come with another few weeks’ worth of wool on the sheep’s back will result in less wool suitable for our Italian weaver clients. Staple length for the bulk of the merinos on offer at the moment is more than 100mm.
Auction offering – current week
Auction offering – next week
|North||S 18||W – T||11532|
|South||M 18||W – T||22760|
|West||F 18||W – T||8744|
If you want to see the complete Wool Sales Roster click here.