There was not much change in the market this week. Despite there being little to celebrate in terms of demand prior to the sale, the market continues to outperform expectations. It was obvious from the opening day that, even if the market was a little flat, competition seemed more widespread with a larger range of buyers interested in accumulating slowly. It was a better market tone. As the sale progressed, this eventuated into higher prices. The sale result on Thursday, when Melbourne sold in isolation, was better with most types and descriptions dearer. It’s hard to gauge the finer micron types when the selection is really quite poor in terms of quality and quantity. The fine and superfine types, with the exception of a few selected clips, are ordinary and not particularly suitable for our European clients. So, any consideration of the various fine wool market indicators should be viewed cautiously. Our 15.0-micron Authentico Indicator has remained unchanged for a few weeks now. The reason being, that there are none available to report on.

AWEX Eastern Indicator compared with 17/03/2022

Eastern Indicator

Close: 1318

Change in % +0.07

Authentico Index Values

15 Micron

Close: 3851

Change in %: unch

16 Micron

Close: 2948

Change in %: -1.8

17 Micron

Close: 2588

Change in %: -2.3

18 Micron

Close: 2226

Change in %: +2.1

19 Micron

Close: 1885

Change in %:  +2.0

Authentico Indicator

Close: 2607

Change in %: -0.4


Sale volumes remain quite robust, with another sale pushing 50,000 bales to be offered next week. This hasn’t troubled the market recently so we should see similar levels again for another week or two.

Auction offering – current week

MarketSaleOfferedSoldPassed In
NorthS 38 9257 8687 6.2%
SouthM 38 2350521521 8.4%
WestF 38 7462 6741 9.7%

Auction offering – next week

Sale days
NorthS 39 T / W 12499
SouthM 39 T / W / T 26296
WestF 39 T / W 10706

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