The market rebounded nicely this week with a firming trend and more widespread competition at the lower basis. All merino fleece types closed around 1% dearer, with some better descriptions up to 2%. 17.0 micron and finer were most affected. Prices remained within this trend until the close in Fremantle.

AWEX Eastern Indicator compared with 07/08/2020

Eastern Indicator

Close: 1004

Change in % -0.2

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Authentico Index Values

15 Micron

Close: 2150

Change in %:  +0.14

16 Micron

Close: 1902

Change in %: +2.64

17 Micron

Close: 1628

Change in %: +0.49

18 Micron

Close: 1420

Change in %: +0.28

19 Micron

Close: 1280

Change in %: +1.27

Authentico Indicator

Close: 1638

Change in %: +0.92


Sydney and Fremantle auctions will proceed next week as per roster. However, the Victorian Government has ruled that ‘auction houses’ in Melbourne are (now) not considered to be a ‘permitted activity’ during the current level 4 lock-down restrictions. Discussion are ongoing with the Victorian State Government for clarity and final advice on the previous permitted industry status. It is important to note that wool valuing and appraisal of the samples is considered a permitted activity and can continue. The National Auction Selling Committee (NASC), represented equally by buyers and sellers, has ruled that unless ‘permitted activity’ status is granted by close of business Monday, then Melbourne sale 8 will be sold over three days (Tuesday, Wednesday and Thursday) as an online open cry auction via zoom.

The three-day schedule would be implemented to reduce the number of lots / bales to be offered each day, allowing buyers and brokers to adjust to this alternative selling method.

The New Zealand Merino Company will offer 200 lots of crossbred wool at the completion of the Australian offering in Melbourne. Under these circumstances, this is a decision that’s hard to understand.

Auction offering – current week

Market          Sale          Offered             Sold       Passed In

North                      S 07                     8704                         7781                  10.6%

South                     M 07                    16092                      14901                   7.4%

West                       F 07                       5476                        5101                    6.8%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 08                       T / W                        8299

South                      M 08                      T / W                       21097

West                        F 08                          W                            5856


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