AUSTRALIAN WEEKLY MARKET REPORT
It was another disappointing week for the Australian wool market. There were 20,000 bales sold to the trade for a value of just under M$26. The selection remains very poor and more than half of the normal greasy wool supply chain are not able to buy for various economic reasons. It seems that the 25,000 bales we are offering per week of such quality is still too much for the market to handle in these uncertain times. We would think a national volume of between 15,000 and 20,000 bales per week would be a figure more easily absorbed considering the current level of demand. This would provide the market a greater chance of stability.
AWEX Eastern Indicator compared with 01/05/2020
Change in % -4.49
If you want to learn more about AWEX indicators, visit the official website http://www.awex.com.au
Authentico Index Values
Change in %: -3.52
Change in %: -3.71
Change in %: -2.18
Change in %: -3.29
Change in %: -4.86
Change in %: -3.20
Many of our clients are demanding wool from farms that no longer mules (NM or CM). Our Authentico Indicators and the Authentico Index values are derived from these farms and relate to good performing fleece wool. Since week 40 after the significant fall in the market (WK39), the Authentico Index value has eased by 5.6% which paints a less dramatic picture than what we might perceive by reading the general market reports and indicators. The real picture is that good performing NM/CM wool clips are attracting more general competition week in and week out. All things considered, this is giving those growers assurance that in tough times, they might be better placed to get through these circumstances.
Auction offering – current week
Market Sale Offered Sold Passed In
North S 45 5526 4522 18.2%
South M 45 15466 12611 18.5%
West F 45 4346 3528 18.8%
Auction offering – next week
Market Sale Sale days Volume
North S 46 T 6209
South M 46 T-W 13994
West F 46 W 5457
If you want to see the complete Wool Sales Roster click here.