Leading into this week’s sale series, the market was widely expected to open dearer and this did eventuate. Trading interest over the weekend prior was reported, and prices started strongly. The Australian dollar had settled lower against the USD prior to the opening on Tuesday and this encouraged the buyers even further. All merino types and categories were impacted with particular interest on the better types which were in limited supply. Fine wool with European specifications were the most keenly sought after.  

AWEX Eastern Indicator compared with 03/02/2022

Eastern Indicator

Close: 1400

Change in % +3.27

Authentico Index Values

15 Micron

Close: 4002

Change in %: +1.2

16 Micron

Close: 3075

Change in %: +1.3

17 Micron

Close: 2673

Change in %: +4.7

18 Micron

Close: 2341

Change in %: +4.5

19 Micron

Close: 1949

Change in %:  +1.5

Authentico Indicator

Close: 2714

Change in %: +3.1


We’re still seeing some good healthy volume offerings. The 58,000 bales currently listed for sale next week will likely lead to a more cautious tone to open with. The area that we might be most concerned about would be the higher VM fleece and piece types that have less interest from the trade due to processing costs to remove the VM. Other better specification wools, with lower VM, and mostly suited for the Chinese and European standard types, will be more limited and we expect buyer competition on them to remain consistent, even if prices do settle a little.

Auction offering – current week

MarketSaleOfferedSoldPassed In
NorthS 32 1383413311 3.8%
SouthM 32 2371521906 7.6%
WestF 32 1177511292 4.1%

Auction offering – next week

Sale days
NorthS 33 T / W13377
SouthM 33 T / W / T31920
WestF 33 T / W13570

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