AUSTRALIAN WEEKLY MARKET REPORT
Sales have concluded for the 2018/2019 season on a relatively poor tone, albeit with prices still at reasonably good levels for wool production. The market this season has taught us that nothing is for certain. Chinese demand changed from fine wool to crossbreds very quickly and then the market appetite for wool altogether changed quite suddenly in recent weeks. The focus on non mulesed wool has improved dramatically, almost to a point that NM certified wool according to the National Wool Declaration is creating its own market and not following the trend of the other types on offer. There have been some very high-quality NM wool clips on offer that are still attracting widespread support from a different demand base and this is protecting those types more than others, from the current market instability.
AWEX Eastern Indicator compared with 20/06/2019
Change in % -2.88%
If you want to learn more about AWEX indicators, visit the official website http://www.awex.com.au
Schneider Indicators compared with 20/06/2019
Change in %: -2.70%
Change in %: -3.23%
Change in %: -0.46%
Change in %: -0.39%
Change in %: -2.39%%
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 ups and downs of this season must be a warning to wool producers that they should be looking to align themselves as much as possible with their customers demands. The interest in relationships and traceability back to farm is increasing.
The current market trend seems more a global issue and not focused only on wool. Consumer confidence as a result of political positioning is affecting business confidence and the attitude towards investment and risk. This is no doubt affecting wool that has a long supply chain and a very high level of investment for all involved. Two weeks of sales remain before our three-week mid-year recess.
Auction offering – current week
Selling Centres for week
Market Sale Offered Sold Passed In
North S 52 7859 6526 17.0%
South M 52 14995 12513 16.6%
West F 52 6313 4293 32.0%
Auction offering – next week
Market Sale Sale days Volume
North S 01 W-T 13608
South M 01 W-T 12127
West F 01 W-T 8769
If you want to see the complete Wool Sales Roster click here.