AUSTRALIAN WEEKLY MARKET REPORT
Comment
The market closed on a very positive note. Buyer confidence was more widespread, and they competed stronger towards the close of the sale. All types and descriptions seemed to be in favour with buyers seemingly building inventory. Perhaps the realisation that we have just the one more sale prior to the three-week recess. Following the sale next week, auctions will not resume until mid-August.
AWEX Eastern Indicator compared with 12/07/24
Eastern Indicator
Close: 1107
Change in % unchanged
Authentico Index Values
15 Micron
Close: 3101
Change in %: -1.5
16 Micron
Close: 2128
Change in %: -0.5
17 Micron
Close: 1797
Change in %: -0.4
18 Micron
Close: 1656
Change in %: +1
19 Micron
Close: 1532
Change in %: -0.7
Authentico Indicator
Close: 1925
Change in %: -0.3
Forecast
The past month has been a very difficult period with the market easing slowly each week. It was a very positive sign this week. Perhaps we are close to the bottom. All other commodity prices in Australia remain quite strong and unless wool prices improve, the farmer sentiment towards wool production will continue to deteriorate and annual wool production will fall further.
Auction offering – current week
| Market | Sale | Offered | Sold | Passed In |
| North | S 03 | 11916 | 11197 | 6.0% |
| South | M 03 | 15603 | 14028 | 10.1% |
| West | F 03 | no sale |
Auction offering – next week
| Market | Sale | Sale days | Volume |
| North | S 04 | T / W | 11515 |
| South | M 04 | T / W | 16398 |
| West | F 04 | T | 5651 |
If you want to see the complete Wool Sales Roster click here.