The wool market opened this week following the three-week recess from sales. With almost 50,000 bales originally rostered for sale, buyers and customers were no doubt a little cautious to begin with. The Australian dollar had depreciated against the US over the past few weeks, and this was building pre-sale expectations of a relatively stable market to open up with. Best merino fleece lines were keenly sought after all week. The better selection that included some new season fine wool of excellent quality, were in strong demand from Italian interests. This certainly helped to get the market off to a good start. Passed in rates were relatively stable and the market, in Australian dollar terms, finished the week around similar levels. With just some minor adjustments up and down across the board. The fine and superfine types 14.5 to 17.5 micron were probably the most keenly sought after. It’s in this area, when the quality is good, that the certified NM wools are attracting strong support.

AWEX Eastern Indicator compared with 14/07/23

Eastern Indicator

Close: 1176

Change in % -0.2

Authentico Index Values

15 Micron

Close: 3553

Change in %: +1.3

16 Micron

Close: 2623

Change in %: -0.7

17 Micron

Close: 2101

Change in %: +0.6

18 Micron

Close: 1824

Change in %: +2.1

19 Micron

Close: 1632

Change in %: +0.8

Authentico Indicator

Close: 2221

Change in %: +0.8


It will be a slightly smaller offering next week and with the opening sale nerves now behind us, we hope that prices, if not necessarily expected to change dramatically, are maintained around similar levels. There seems good support around this base.

Auction offering – current week

MarketSaleOfferedSoldPassed In
NorthS 06 1476413869 6.1%
SouthM 06 2458222113 10.0%
WestF 06 9683 8624 10.9%

Auction offering – next week

Sale days
NorthS 07 T / W 16083
SouthM 07 T / W 23243
WestF 07 T / W 7548

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