AUSTRALIAN WEEKLY MARKET REPORT

Comment

Another week of positive activity finishing the week unchanged across a wise range of micron categories. Chinese indent purchase remain consistent along with slow and steady demand out of Europe, India and Japan. As a result we are seeing low risk in price parameters as clearance rates remain higher than average and growers meet the current market levels, eliminating large stocks of wool on hold to be sold at a later date. We had an excellent opportunity this week to showcase some of our Authentico wool producers as we had some European visitors here to experience farm life and see the level of commitment to animal welfare, land management and social responsibility as well as experiencing the diversity of the landscape, the inconsistent weather and how that impacts wool production from different growing regions of Australia.

AWEX Eastern Indicator compared with 20/10/23

Eastern Indicator

Close: 1139

Change in % 0.0

Authentico Index Values

15 Micron

Close: 3352

Change in %: -2.0

16 Micron

Close: 2316

Change in %: -1.0

17 Micron

Close: 1828

Change in %: -1.0

18 Micron

Close: 1625

Change in %: +0.9

19 Micron

Close: 1530

Change in %:  -0.8

Authentico Indicator

Close: 1991

Change in %: -1.0

Forecast

Little or no change is expected in the coming weeks as volume stabilizes and shearing patterns have returned to normal giving growers the flexibility to sell when they want. Slow and steady demand globally should also help keep the market stable in the coming weeks and months leading into the christmas recess.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 17	9921	9584	3.4%
South	M 17	18629	17456	6.3%
West	F 17	7892	7284	7.7%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S 18	T / W	13142
South	M 18	T / W	25118
West	F 18	T / W	8942

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