AUSTRALIAN WEEKLY MARKET REPORT

Comment

The large offering was expected to put some downwards pressure on auction prices this week. The sales opened a little cautiously, but this could also have been related to the offering. The better types were keenly sought after right from the start and showed very little movement over the week. This is despite the larger selection. It was a good result, and prices didn’t react downwards as much as some may have anticipated. Prices then remained very firm on the second day of this sale series. All buyers were active and there was clearly more interest in the better merino fleece, merino skirtings and also better crossbred wools. The cardings were also in demand. The benchmark AWEX EMI was 0.8% higher over the week in USD basis. Only 3.3% of the Sydney offering was passed in. This is a reflection of the better specification on offer in that market. Demand for certified types continues to build and healthy premium for RWS wool is now being realised. Growers who have become RWS certified, should be encouraged to maintain their accreditation.

AWEX Eastern Indicator compared with 17/01/25

Eastern Indicator

Close: 1186

Change in % unchanged -0.3

Authentico Index Values

15 Micron

Close: 2915

Change in %: -3.3

16 Micron

Close: 2144

Change in %: -0.5

17 Micron

Close: 1951

Change in %: +1.4

18 Micron

Close: 1769

Change in %: +0.2

19 Micron

Close: 1651

Change in %:  -1.6

Authentico Indicator

Close: 2001

Change in %: -0.3

Forecast

The Australian wool auctions will recognise the Chinese New Year celebration next week. The auctions will be held on Tuesday and Thursday. The volume for sale is also smaller with some brokers choosing to reduce the volume on offer while our Chinese customers celebrate the New Year. This reduced volume should help to encourage a relatively good market next week. From 50,000 bales in week 30, to 35,000 bales in week 31.

Auction offering – current week

MarketSaleOfferedSoldPassed In
NorthS 301543814932 3.3%
SouthM 302496923057 7.7%
WestF 309285801513.7%
Auction offering – next week
MarketSale
Sale days
Volume
NorthS31T / T 8223
SouthM31T / T19510
WestF31T / T 6832

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