AUSTRALIAN WEEKLY MARKET REPORT - The Schneider Group

Comment

All types and descriptions were dearer this week. Competition for the fewer bales that were on offer at this time of the season was strong. Better specification Italian types were keenly sought after, especially any lots below 15.0 micron. They are attracting very keen interest for a strong luxury market that is least impacted by the global cost of living issues. The selection is extremely varied and consists of an extreme range of qualities. This is helping the market too. Supply and demand are cautiously balanced in favour of the seller. We see little chance of the market easing in the short term.

AWEX Eastern Indicator compared with 07/06/24

Eastern Indicator

Close: 1170

Change in % +1.6

Authentico Index Values

15 Micron

Close: 3052

Change in %: +2.8

16 Micron

Close: 2227

Change in %: +2.7

17 Micron

Close: 1886

Change in %: +1.3

18 Micron

Close: 1722

Change in %: +1

19 Micron

Close: 1615

Change in %: +1.2

Authentico Indicator

Close: 1995

Change in %: +1.8

Forecast

No sale in Fremantle next week and only 28,000 bales available nationally. This should ensure that the current trend continues for next week. Premiums are now returning for certified wool types. Those growers who have committed to a quality assurance program, like RWS, Authentico or Sustainawool (NM) would now be seeing some value.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 50	10840	10525	2.9%
South	M 50	14092	13511	4.1%
West	F 50	7052	6839	3.0%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S 51	T / W	11006
South	M 51	T / W	17220
West	F 51	no sale

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