Wool auction values have begun the new selling season strongly with prices improving substantially. The volume offered was not as great as anticipated and exporters appeared to be accumulating purchases for prompt shipment. The competition came from the larger Chinese topmakers, and all Chinese types and descriptions were dearer. The European types were less affected and closed largely unchanged. The exception being some selected 16 micron superior types which were keenly sort after. It is also noted in the relatively small movements in our more focused Authentico index values in comparison with the AWEX EMI that covers a more general and wider basket of types.

There was 26% less wool offered this week compared to the same sale last year. This took a few by surprise but supports the notion that growers no longer ‘need’ to sell. Rather, they will wait for the best opportunity.

AWEX Eastern Indicator compared with 30/06/23

Eastern Indicator

Close: 1162

Change in % +3.2

Authentico Index Values

15 Micron

Close: 3430

Change in %: -4.2

16 Micron

Close: 2662

Change in %: +3.3

17 Micron

Close: 2040

Change in %: +0.3

18 Micron

Close: 1735

Change in %: unch

19 Micron

Close: 1577

Change in %: +0.8

Authentico Indicator

Close: 2166

Change in %: +0.2


We have just the one sale remaining prior to the annual three-week recess. On the back of the more positive sale this week, we would expect the volume to be offered next week to increase a little when compared to the last estimate. The indicative prices between the various markets is a little more variable from day to day and as the markets align, we will see some adjustments in prices between the sale centres daily.

Auction offering – current week

MarketSaleOfferedSoldPassed In
NorthS 01 1284912368 3.7%
SouthM 01 1640014945 8.9%
WestF 01 6910 6523 5.6%

Auction offering – next week

Sale days
NorthS 02 T / W 15400
SouthM 02 T / W 22156
WestF 02 T / W 6896

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