It was a much more positive week this week in terms of auction results. All types and descriptions were either firm or tending dearer in a large national offering. For us, the focus was on the first small, but high quality, superfine offering. The quality so far is very good yet not so fine at this stage. The selection will get a little finer as we move towards November. With the ultrafine types (<15.5 micron) still attracting strong results in an otherwise fairly lackluster market, we expect growers to move these bales onto the market as soon as possible.

The sale trend was positive from the outset. Reports of some business last weekend had buyers expecting a price squeeze, particularly on Chinese types around 19.5 micron. The medium-term outlook has not changed, and trading margins are very tight, so this kept the market around about the same levels on Wednesday.

AWEX Eastern Indicator compared with 25/08/23

Eastern Indicator

Close: 1131

Change in % +0.4

Authentico Index Values

15 Micron

Close: 3501

Change in %: +1.4

16 Micron

Close: 2590

Change in %: +1.6

17 Micron

Close: 2018

Change in %: +1.7

18 Micron

Close: 1731

Change in %: +1.6

19 Micron

Close: 1569

Change in %: -0.1

Authentico Indicator

Close: 2150

Change in %: +1.5


There just seems a little more trading interest at the moment, but while the global economic outlook remains uncertain, we could see some more price volatility in the next few weeks. Exchange rates will surely play a part in the market result.

Auction offering – current week

MarketSaleOfferedSoldPassed In
NorthS 09 1356012302 9.3%
SouthM 09 2101518833 10.4%
West F 09 10115 8581 15.2%

Auction offering – next week

Sale days
NorthS 10 T / W 12269
SouthM 10 T / W 26869
WestF 10 T / W 6399

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