AUSTRALIAN WEEKLY MARKET REPORT - The Schneider Group

Comment

We had a large superfine offering from New Zealand on sale in Melbourne this week. Initially, this might have influenced the easing in prices on 16.5 to 17.5 micron for similar Australian origin wool. However, the majority of the New Zealand offering was RWS certified and to a lesser extent, Authentico certified. However, these wools sold for around a 9% premium to the similar noncertified types that were recorded at Australian auctions. While the market is low, we would encourage growers to continue to focus on quality and certification. RWS, in particular, is still in demand and these market premiums are rewarding those growers who remain focused on quality to ensure a better return.

AWEX Eastern Indicator compared with 14/02/25

Eastern Indicator

Close: 1184

Change in % unchanged -0.6

Authentico Index Values

15 Micron

Close: 2899

Change in %: +0.07

16 Micron

Close: 2123

Change in %: +0.6

17 Micron

Close: 1974

Change in %: +0.4

18 Micron

Close: 1815

Change in %: -0.5

19 Micron

Close: 1662

Change in %: -2.4

Authentico Indicator

Close: 2017

Change in %: -0.1

Forecast

The Sydney sale next week is the last of the designated superfine sales. We are not expecting any significant volume of fine wool to be on the market. We will not see any significant supply of fine wool again until August / September. According to AWEX auction statistics, firsthand offered wool is now down by around 14% year on year. This is now more in line with the AWTA key test data. All types and descriptions are impacted by this reduction in production.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 34	11187	10668	4.6%
South	M 34	21924	19834	9.5%
West	F 34	6148	5533	10.0%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S35	T / W	12058
South	M35	T / W	21879
West	F35	T / W	7092

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