Prices were generally well maintained this week in one of the more stable markets in recent months. Buying pressure from those representing Chinese traders and Topmakers was more noticeable and this was despite the concern of the large national offering. Growers did remove some wool from sale prior to auction which reduced the final numbers available but still another M$62 worth of wool was sold to the trade. All fleece types and descriptions in general closed a little dearer compared to last week except that with less interest on the mulesing status from China, the Authentico index’s weren’t as affected.
AWEX Eastern Indicator compared with 06/12/2019
Change in % +0.74
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Authentico Index Values
Change in %: -0.24
Change in %: +0.13
Change in %: -1.68
Change in %: -1.47
Change in %: -2.26
Change in %: -1.09
There does appear more demand as we move closer to the New Year. Perhaps some are expecting a stronger market in January which is often the case. It will probably depend a little on how we finish next week with another 39,000 bales available.
It’s difficult to get a line on what volume of grower held bales are now lying in store waiting for a better market. No doubt growers are more focused on selling into a good market and this has certainly helped to sell this year’s clip in a more orderly fashion. This is expected to continue. For example, despite the positive result for the week, approximately 20% of the original volume available was either withdrawn prior to sale (10%) or passed in below grower reserves (10%).
Next we sell on Tuesday and Wednesday nationally.
Auction offering – current week
Selling Centres for week 24
Market Sale Offered Sold Passed In
North S 24 9777 8999 8.0%
South M 24 24112 21502 10.8%
West F 24 8653 7484 13.5%
Auction offering – next week
Market Sale Sale days Volume
North S 25 T-W 10400
South M 25 T-W 20468
West F 25 T-W 8562
If you want to see the complete Wool Sales Roster click here.