Australian Weekly Market Report
Published March 15, 2019 by Tim Marwedel
Further easing in the market across most types and descriptions is making trading conditions difficult. The selection is quite average and deteriorating weekly. The better specification wools were also a little easier this week but to a lesser extent compared to the low yielding types. These were irregular and particularly as the sale progressed, buyers found them increasingly difficult to include in production and sale batches.
AWEX Eastern Indicator compared with 08/03/2019
Change in % -1.44%
If you want to learn more about AWEX indicators, visit the official website http://www.awex.com.au
Schneider Indicators compared with 08/03/2019
Change in %: +1.48
Change in %: +1.64
Change in %: -2.19
Change in %: -0.81
Change in %: -2.08
Each indicator is expressed by a number representing a market quotation for a selected range of types and is not a price expression and it’s not influenced by currency fluctuations.
Wool indicators are anyway based on Australian Dollar.
If you want to learn more about SCHNEIDER indicators Click here.
The disturbing trend of some growers to prepare their wool ‘unskirted’ or not to class their clip to the Code of Practice standard is costing the industry greatly. Not only those wools which, when the market is in an easing trend like now are clearly avoided by most buyers, but these types drop the standard and reputation of our national clip and lead to lower average prices. All growers and their brokers must be encouraged to follow the AWEX Code of Practice for wool preparation and to use a registered wool classer. Any system that reduces standards for a perceived net financial gain can only lead to long term lower prices. Wool is a luxury product and current prices should demand a quality preparation. Now is not the time to lower our standards.
Auction offering – current week
Selling Centres for week 37
Market Sale Offered Sold Passed In
North S 37 8622 7741 10.2%
South M 37 21972 19130 12.9%
West F 37 10191 8811 13.5%
Auction offering – next week
Market Sale Sale days Volume
North S 38 W-T 10966
South M 38 W-T 22821
West F 38 W-T 10350
If you want to see the complete Wool Sales Roster click here.