20,000 bales were offered and as previously mentioned, this appears to be a volume that the market can manage with the current level of demand. Prices were positive this week. The sale room activity was clearly much more confident. Melbourne and Fremantle sales were unable to hold the levels reached on Tuesday but overall a very encouraging result. The volume available for sale next week has increased to 33,000 bales and this was likely for the more cautious approach on Wednesday. We haven’t been able to manage this volume in recent months so this will be a good test.

AWEX Eastern Indicator compared with 04/09/2020

Eastern Indicator

Close: 890

Change in % +3.73

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Authentico Index Values

15 Micron

Close: 2154

Change in %:  -0.04

16 Micron

Close: 1756

Change in %: -0.85

17 Micron

Close: 1555

Change in %: +1.57

18 Micron

Close: 1353

Change in %: +4.32

19 Micron

Close: 1162

Change in %: +1.75

Authentico Indicator

Close: 1555

Change in %: +1.50


The better season is impacting on the micron profile of the clip. The corresponding sale last year (2019) had the Sydney and Melbourne merino fleece offering at 17.8 and 19.5 average micron respectively. This week Sydney averaged 18.6 and Melbourne 20.0 micron. For this reason, we are still seeing a positive price spread for micron from 14.0 to 23.0-micron merino.

Auction offering – current week

Market          Sale          Offered             Sold       Passed In

North                      S 11                      4775                         4626                  3.1%

South                     M 11                    10970                       10192                  7.1%

West                       F 11                      3909                         3725                  4.7%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 12                        T / W                         8675

South                      M 12                      T / W                         19525

West                        F 12                           W                             5358


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