AUSTRALIAN WEEKLY MARKET REPORT

Comment

Sales have resumed this week following the three-week midyear recess. While prices were generally lower in local currency, considering the AUD/US exchange rate, the benchmark AWEX EMI was dearer over the week in USD terms. Better specification, lower VM types were more keenly sought after and least affected by the market movement. Buyers across all sectors were somewhat active but the Chinese topmakers and indent buying firms were the most dominant.

AWEX Eastern Indicator compared with 26/07/24

Eastern Indicator

Close: 1113

Change in % unchanged -1.0

Authentico Index Values

15 Micron

Close: 3042

Change in %: -4.5

16 Micron

Close: 2058

Change in %: -4.2

17 Micron

Close: 1830

Change in %: -0.7

18 Micron

Close: 1661

Change in %: -0.7

19 Micron

Close: 1555

Change in %:  +0.5

Authentico Indicator

Close: 1919

Change in %: -2

Forecast

We will start to see more fine wool coming onto the market as soon as next week. It’s a little early to indicate the quality of the new season fine wools but we will report more within the next month or so as shearing kicks off. With a variety of seasonal conditions being experienced across Australia, we would expect that a variety of quality issues, some good, some not so good, will prevail. We’ll keep you informed!

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 08	15533	14657	5.6%
South	M 08	19072	16779	12.0%
West	F 08	7835	7142	8.8%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S09	T / W	11895
South	M09	T / W	25543
West	F09	T	4911

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