The market remains unchanged overall this week despite another large offering of high quality superfine merino wool ex. New Zealand sold in Melbourne on Thursday. Minimal change in all the Authentico index’s except for 15 micron which was the only one to finish in positive territory for the week. The 16/17.5 micron categories struggled to maintain this week with a genuine lack of demand compared to the previous couple of weeks. Global demand has slowed with Europe experiencing very quiet trading conditions, whilst China applies price pressure across the range of microns due to poor economic conditions. The crossbred market potentially shows no signs of improvement with an over supply internationally. Wool quality has been highlighted again this week with international mills calling for care to be taken in shearing sheds to improve clip preparation and make sure that all contamination be isolated and removed.

AWEX Eastern Indicator compared with 16/02/24

Eastern Indicator

Close: 1157

Change in % -0.0

Authentico Index Values

15 Micron

Close: 3279

Change in %: +2.0

16 Micron

Close: 2275

Change in %: -3.0

17 Micron

Close: 1935

Change in %: -2.0

18 Micron

Close: 1775

Change in %: 0.0

19 Micron

Close: 1575

Change in %:  0.0

Authentico Indicator

Close: 2052

Change in %: -1.0


A reduction in volume over the next couple of weeks to approx. 40,000 bales on offer per week, will surely assist the current lack of demand. Add to this grower resistance of not accepting these pricing levels until market conditions improve globally. We are traditionally moving into autumn shearing and the nature of the selection will change in terms wool quality, vegetable matter, length and strength.

Auction offering – current week

MarketSaleOfferedSoldPassed In
NorthS 34 95009069 4.5%
SouthM 34 1778816430 7.6%
West F 34 7938 7096 10.6%

Auction offering – next week

Sale days
NorthS 35 T / W 10392
SouthM 35 T / W 21469
WestF 35 T / W 8307

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