After several weeks of negative territory for the wool market we saw a glimmer of hope this week returning into positive territory for most merino types. Best style and strength, high yielding wool were very well supported, with low yielding low strength high mid break wool carrying significant discount. Grower resistance still evident with a slightly higher passed and withdrawn rate this week. The continuation of staggered selling mechanisms should help the market recover over an extended period of time, we just need to be patient and all sectors of the industry work together for the best outcomes.

AWEX Eastern Indicator compared with 01/05/2020

Eastern Indicator

Close: 1179

Change in % +0.76

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Authentico Index Values

15 Micron

Close: 2294

Change in %:  -0.48

16 Micron

Close: 2040

Change in %: -0.49

17 Micron

Close: 1770

Change in %: -1.56

18 Micron

Close: 1630

Change in %: +0.74

19 Micron

Close: 1510

Change in %: +1.48

Authentico Indicator

Close: 1808

Change in %: -0.33


The coming weeks see similar sized sales around 20/22,000 bales on offer. The global situation remains relatively unchanged, with currencies showing some volatility. Shifts in the wool market will mostly relate to shipping times and cut-offs as we progress over the next few weeks. Political posturing will also influence commodity prices as we wait and see the impact from China in the coming weeks and months. Globally the world textile industry has lost confidence so we all need to keep a level head to ensure safe passage out of an extreme situation. We need true leadership from our industry heads to take us forward into a new age of wool production, wool processing and retailing for the future.

Auction offering – current week

Market          Sale          Offered             Sold       Passed In

North                      S 46                     6078                         5788                4.8%

South                     M 46                    12593                        11163               11.4%

West                       F 46                      4700                          4364               7.1%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 47                         W                               6672

South                     M 47                       T-W                           10404

West                        F 47                         T                               4614


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