AUSTRALIAN WEEKLY MARKET REPORT

Comment

Again, not a lot of change in the merino wool market this week with the focus from buyers still on the better wools. The better types that were more suited for the European market attracted good competition again with the 17.0 to 18.5 micron range those most keenly sought after. There is very little selection, if any, finer than this. The crossbred market continues its upward trajectory. There were only 20,000 bales offered for sale this week with no Fremantle sale and buyers are indicating that it is becoming equally as difficult to sell as it is to buy any quantity at the moment. While prices are good, it’s not the most ideal market situation. Fortunately, the volume available is very small.

AWEX Eastern Indicator compared with 12/06/26

Eastern Indicator

Close: 1989

Change in % +0.5

Authentico Index Values

15 Micron

Close: 3172

Change in %: -1.3

16 Micron

Close: 2995

Change in %: -0.4

17 Micron

Close: 2931

Change in %: +0.03

18 Micron

Close: 2851

Change in %: -0.4

19 Micron

Close: 2637

Change in %:  -1.1

Authentico Indicator

Close: 2915

Change in %: -0.4

Forecast

The market looks to be less likely to continue upwards strongly at the moment but at the same time, it’s increasingly unlikely that we’ll see any large downside in the short term with small quantities available for sale in the foreseeable future. Traditionally, we have seen a large volume sale in week 1 of the new season with growers taking advantage of the new financial year. However, the forecast for week one is for volume at around 50% of what we would have seen in recent years.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 51	7585	7379	2.7%
South	M 51	13666	13014	4.8%
West	F 51	no sale

Auction offering – next week

Market	Sale	Sale days	Volume
North	S 52	T – W	8198
South	M 52	T – W	14727
West	F 52	T	4772

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