AUSTRALIAN WEEKLY MARKET REPORT - The Schneider Group

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 prices in USD and that could add to short term uncertainty with more volatility on foreign exchange markets expected. Buyers were more active on the better yielding wool types, trying to improve batches for delivery to the standard Chinese specification. It was the standard Chinese types that benefited most by the better exchange rate for exporters, with little movement in the European types. The lower yielding wools, in large supply in the Melbourne offering, were irregular.

AWEX Eastern Indicator compared with 04/04/25

Eastern Indicator

Close: 1262

Change in % unchanged +1.0

Authentico Index Values

15 Micron

Close: 2972

Change in %: +1.4

16 Micron

Close: 2175

Change in %: -0.2

17 Micron

Close: 1920

Change in %: unchanged

18 Micron

Close: 1820

Change in %: -0.1

19 Micron

Close: 1786

Change in %: +1.9

Authentico Indicator

Close: 2032

Change in %: +0.2

Forecast

Once current orders are completed, it is unsure what the next market move will be. The limited supply should help the better wools but there will continue to be some uncertainty in all global markets and wool should not be immune to this volatility. The Sydney auction for next week will move to the annual Sydney Royal Easter Show where approximately 1 million visitors will attend over the next two weeks.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 41	7843	7684	2.0%
South	M 41	19277	18165	5.8%
West	F 41	7048	6609	6.2%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S42	T / W	13277
South	M42	T / W	21644
West	F42	T / W	8757

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