AUSTRALIAN WEEKLY MARKET REPORT - The Schneider Group

Comment

With the current global volatility around currency exchange rates, it’s not surprising that the wool market might be subjected to similar volatility with our market heavily influenced by the AUD/USD exchange rates. Prices eased on Tuesday but the better wools with higher yield and lower VM were still in good demand. As the selection deteriorates, typical for this time of the season, it’s also important to report on the market across consistent types. Anyone trying to buy good wool, similar to what we expect to see August through the February, is still having to compete strongly for such wools. This small offering is much less impacted by the week-to-week volatility.

AWEX Eastern Indicator compared with 20/03/26

Eastern Indicator

Close: 1724

Change in -1.5

Authentico Index Values

15 Micron

Close: 3072

Change in %: -5.1

16 Micron

Close: 2680

Change in %: -0.8

17 Micron

Close: 2585

Change in %: – 0.8

18 Micron

Close: 2465

Change in %: +0.04

19 Micron

Close: 2337

Change in %: -1.9

Authentico Indicator

Close: 2592

Change in %: -1.5

Forecast

The total offering drops below 40,000 next week and to be followed by the Easter recess. The market was much better supported yesterday at the slightly reduced level. So, hopefully a positive sign leading into reduced quantities for a couple of weeks.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 39	9044	8537	5.6%
South	M 39	20954	19195	8.4%
West	F 39	9675	8408	13.1%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S 40	T / W	9948
South	M 40	T / W	20165
West	F 40	T / W	7702

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