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But we are proud to say that Tim Marwedel contributed 680 entries already.
Comment It was a very small national offering with just 22,000 bales eventually sold. The market is difficult to quote under such limitations of supply. The market tone, however, was much improved. Buyers were noticeably more active and competing strongly. In particular focus was the finer wools. 16.5 to 18.5 micron , Chinese qualities, were […]
Comment There were selected fine and superfine wool clips that attracted the attention of Italian interests this week. The focus was on wool quality, and it was encouraging to see that there was more than certification that was driving the demand for these clips. Light fault, higher yielding fleece lines are still selling above the […]
Comment Sales have opened for the new season with, as expected, not much change. The result on the opening day was better than expected with the strength of the AUD against the USD. Prices were dearer in US values. This slowed things down a little on Wednesday. Prices did rally a little towards the end […]
Comment The final sale of the 2024 wool selling season has ended unchanged. According to the AWEX auction data, 14.6% less firsthand wool (in net kg’s) was offered for the full season and nearly M$300 less in value when compared to the season before. There has been very little movement in the exchange rates in […]
Comment It was a another small national offering this week with prices again outperforming the general market expectations. The opening tone was cautious, but prices have again been more stable than what was expected leading into the sale. This is no doubt a result of limited supply. Buyers chasing as little as 100 bales are […]
Comment AWEX report that this was the smallest national offering since September 2020. The market showed little change overall but the best fine and superfine types, suitable for the Italian market, were in keen demand. This was most evident for the few more stylish clips around 17.0 micron with good specification. Generally speaking, the market […]
Comment The small national supply was the significant most influential factor determining the outcome of auctions this week. The most positive result was the trading companies and topmakers willingness to pay for quality. Market premiums for yield, in particular, are good for those that have wool less impacted by this drought. For this reason, the […]
Comment There was not much change in the market this week. There was some initial positivity relating to the easing of the current trade tension, even if for a nominated period. The wind was however taken from the market as the Australian dollar strengthened against the USD mid-week. The market didn’t react as badly as […]
Comment After the Easter recess, sales have resumed with a smaller national offering. Just 34,000 bales were eventually sold with almost 16% of the bales on offer failing to meet the grower price expectation. Markets are no doubt cautious, and the wool industry is no different to any other commodity while international trade terms remain […]
Comment The Australian dollar depreciated by 5% against the USD prior to the commencement of the sale. This certainly helped to ease any cautious concerns as a result of the highly volatile global economy. There was not a lot of change across the week for good types in local currency. This will result in lower […]