AUSTRALIAN WEEKLY MARKET REPORT

Comment

It wasn’t the result that we would have been hoping for with all descriptions easing over the week. Traders are indicating that business is very limited and the large indent operators also slowed down, likely to be linked with a buildup of unsold stocks. The shining light was certainly on the better prepared, certified, high-quality wool 17.0 to 18.0 micron which even tended dearer on Wednesday. Added to this was a much higher passed in rate as growers were reluctant to sell in the falling market. A total of 27% of the national offering failed to sell this week.

AWEX Eastern Indicator compared with 23/10/26

Eastern Indicator

Close: 1723

Change in % -3.5

Authentico Index Values

15 Micron

Close: 3227

Change in %: -2.2

16 Micron

Close: 2913

Change in %: -2.2

17 Micron

Close: 2838

Change in %: -3.3

18 Micron

Close: 2723

Change in %: -0.8

19 Micron

Close: 2456

Change in %:  -1.0

Authentico Indicator

Close: 2819

Change in %: -2.1

Forecast

Growers will be reluctant sellers until the prices settle. They always prefer to sell in a firm or rising market. We expect the national offering to be slightly reduced and passed in rates on the high side. We’re looking for the reduced quantity and the lower price basis to create some new interest in order to stimulate the market. We sell Wednesday and Thursday next week, recognising a public holiday in Victoria on Tuesday.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 18	6891	5796	15.9%
South	M 18	15072	11714	22.3%
West	F 18	4555	2219	51.3%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S 19	W / T	7355
South	M 19	W / T	16664
West	F 19	W	4403

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