Wool sales have finished on a very strong note with all merino categories dearer over the three-day series. The volume for sale was up on recent trends following the more positive market tone in the previous few sales. Growers were wanting to take advantage of this. The selection was, however, heavily focused on the more inferior types. Of particular attention this week was fine wool with the market driven predominantly from Chinese interest. 17.5 micron and finer increased by as much as 5% with the Chinese qualities those that were most affected. Supply is already becoming more limited. Chinese Topmakers were buying through their commission agencies in Australia, and they competed strongly for volume with local traders. All types were positively impacted, from the better European types down to the pieces and bellies more suited to the knitwear market. A slight strengthening in the local currency on Thursday slowed the momentum, but the result was still dearer on USD on that final sale day. This was a very encouraging way to finish 2024.

AWEX Eastern Indicator compared with 08/12/23

Eastern Indicator

Close: 1212

Change in % +2.9

Authentico Index Values

15 Micron

Close: 3401

Change in %: +1.7

16 Micron

Close: 2430

Change in %: +3.2

17 Micron

Close: 2044

Change in %: +3.5

18 Micron

Close: 1806

Change in %: +2.3

19 Micron

Close: 1626

Change in %:  +1.6

Authentico Indicator

Close: 2143

Change in %: +2.7


Sales will now close for the Christmas recess on a very positive tone. We take the opportunity to wish our readers a Merry Christmas and a Happy New Year. Sales will resume the week of 8th January.

Auction offering – current week

MarketSaleOfferedSoldPassed In
NorthS 24 1251812200 2.5%
SouthM 24 2784726021 6.6%
West F 24 8543 8096 5.2%

Auction offering – next week

Sale days
Northno sale
Southno sale
Westno sale

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