The focus this week for us was the quality Tasmanian selection sold on Tuesday in Melbourne. Now that the superfine Newcastle sales are no longer, this was the largest quality superfine offering for a single sale day this season. Some were concerned with what effect this might have on the market under the current circumstances. However, once we inspected the quality offering, we were convinced that there would be sufficient interest from Italian weavers. There will be few opportunities for best quality fine wool remaining for those who need to meet production requirements over the next few months.
The market reacted accordingly. It was a positive sale result that reflected the quality on offer. We were pleased to buy some nice wool for our production.
Prices, on average, settled on Wednesday and Thursday but it must have been almost impossible to compare between what was on offer over those days compared with the Tasmanian offering.
AWEX Eastern Indicator compared with 07/02/2020
Change in % -0.57
If you want to learn more about AWEX indicators, visit the official website http://www.awex.com.au
Authentico Index Values
Change in %: +0.64
Change in %: +1.32
Change in %: -0.89
Change in %: -2.11
Change in %: -0.35
Change in %: -0.53
The biggest issue regarding quality and market price at the moment is the mid break. Typically, as a result of the usual spring break in the southern states, we are now seeing a high percentage of tender wool with a break on or around the middle. These types are very difficult to process with a high probability that wool tops will achieve a greater co-efficient of variation (cvh) in length. This is bad for spinning and weaving and certainly has an impact on the general market. In another 6 weeks or so we should start to see that break point move towards the tip.
Auction offering – current week
Selling Centres for week 33
Market Sale Offered Sold Passed In
North S 33 7922 6626 16.4%
South M 33 21474 17150 20.1%
West F 33 10780 7550 30.0%
Auction offering – next week
Market Sale Sale days Volume
North S 34 W/T 8508
South M 34 T/W/T 22369
West F 34 W/T 12073
If you want to see the complete Wool Sales Roster click here.