AUSTRALIAN WEEKLY MARKET REPORT
Comment
The general market trend continues to be soft. Despite this, the small pocket of positive news this week was the performance of the limited offering of good specification non mulesed types, suitable for the Italian market. The offering was not big, but these types held ground in terms of price, while other categories were cheaper in a cautious market tone. A total of 13.6% of the national offering was passed in, a little higher than recent weekly values.
AWEX Eastern Indicator compared with 05/07/24
Eastern Indicator
Close: 1107
Change in % -1.6
Authentico Index Values
15 Micron
Close: 3151
Change in %: -3
16 Micron
Close: 2140
Change in %: +0.8
17 Micron
Close: 1804
Change in %: +1.2
18 Micron
Close: 1639
Change in %: -0.3
19 Micron
Close: 1544
Change in %: +0.1
Authentico Indicator
Close: 1930
Change in %: -0.1
Forecast
There is no sale in Fremantle next week with the total national volume down to 27,000 bales. Allowing for withdrawn volume before the sale and passed in rates, this more limited supply should help the market next week. July can be a difficult month for trading, but this year has been one of the more difficult in recent years.
Auction offering – current week
| Market | Sale | Offered | Sold | Passed In |
| North | S 02 | 10678 | 9833 | 7.9% |
| South | M 02 | 14730 | 12782 | 13.2% |
| West | F 02 | 5739 | 4306 | 25.0% |
Auction offering – next week
| Market | Sale | Sale days | Volume |
| North | S 03 | T / W | 12565 |
| South | M 03 | T / W | 17953 |
| West | F 03 | no sale |
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