AUSTRALIAN WEEKLY MARKET REPORT
The quality and the quantity of offering at the moment is unprecedented. All weekly market reports must take the very limited and overall poor-quality range of wool on offer into context. According to AWEX the average style of the merino fleece section in Sydney was 5.5. This means that overall style of the selection was in between and MF5 (good topmaking) and MF6 (average topmaking). This must be recognised as one of the poorest style selections for a Sydney sale. Therefor it was a significant challenge for us to quote this market comparatively.
AWEX Eastern Indicator compared with 17/04/2020
Change in % -1.55
If you want to learn more about AWEX indicators, visit the official website http://www.awex.com.au
Authentico Index Values
Change in %: -0.49
Change in %: -0.42
Change in %: -1.87
Change in %: -2.0
Change in %: -2.85
Change in %: -1.49
Sales resume next Tuesday across all three markets.
Auction offering – current week
For the season to date up to and including week 43, we’ve seen a reduction of nearly 18% in first hand offered clean kg’s on the market. It remains a little unknown just how much wool is available in store on behalf of growers who are unwilling to offer their wool at this time or at these levels. If production is down by anywhere near this percentage and sheep breeders are tempted further towards meat sheep production while lamb prices remain strong and wool a little uncertain, then this unofficial grower stockpile must surely be a valuable asset for the industry. It’s a difficult period but before Covid-19, the outlook for wool as a sustainable natural fibre was very good. It will return.
Market Sale Offered Sold Passed In
North S 43 4696 4067 13.4%
South M 43 15019 12590 16.2%
West F 43 5259 4530 13.9%
Auction offering – next week
Market Sale Sale days Volume
North S 44 W 5406
South M 44 T-W 14021
West F 44 T-W 6127
If you want to see the complete Wool Sales Roster click here.