AUSTRALIAN WEEKLY MARKET REPORT

Comment

Some interest late last week, albeit below the closing level, was enough to stimulate more widespread buyer support at the new level. It was a significantly better market tone in the sale room. Prices did however ease further as buyers search for a level in which they can sell and global market and political uncertainties ensure a lack of overall confidence. Still, it was a much better result than the past two weeks.

AWEX Eastern Indicator compared with 16/08/2019

Eastern Indicator

Close: 1497

Change in % -1.06%

If you want to learn more about AWEX indicators, visit the official website http://www.awex.com.au

Authentico Index Values

15 Micron

Close: 2420

Change in %: -0.08

16 Micron

Close: 2149

Change in %: -2.8

17 Micron

Close: 2090

Change in %: -2.9

18 Micron

Close: 2032

Change in %: -2.96

19 Micron

Close: 1916

Change in %: -4.49

Authentico Indicator

Close: 2100

Change in %: -2.28

Forecast

We have today published for the first time our new Authentico Index values and the Authentico Indicator. We’re very pleased to provide the first index values based on a sustainable quality scheme. We’d like to thank our committed grower supporters for joining the Authentico program and we’re positive that this initiative will give our clients and our grower partners some meaningful values and an indicator that matches market and consumer expectations.

Auction offering – current week

Selling Centres for week 08

Market          Sale          Offered             Sold       Passed In

North                    S 08                      9430                        8096                 14.1%

South                   M 08                     17062                       14120                 17.2%

West                     F 08                       no sale

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 09                        W-T                           8158

South                      M 09                       W-T                           14778

West                        F 09                        W-T                           10110

 

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