Weekly Wool Comments - 19.03.21

The national wool offering was boosted marginally by 600 bales, with a total of 50,603 bales listed, not quite reaching the 53,000 bales predicted in the previous week. The AWEX Eastern Market Indicator dropped this week by 22c on Tuesday, 9c on Wednesday and a further 1c on Thursday to close out the selling week at 1,277c/kg greasy, or 1,000c in US dollar terms.

The increased offering resulted in an increased pass in rate of 17%. Currently cash flow is being impacted by the congestion of international freight, which is steadying global shipments however it is not likely to persist for too long. Australian selling centres saw a general price decrease which is linked to the larger volumes and inferior lots supplied, however it is an overall a positive result and the EMI remains on its steady upward trajectory.

AuctionsPlus Online Offer Board

It was a quiet week on the AuctionsPlus Online Offer Board which saw a total of 151 bales sold for the period. In demand were the 16µ and 22µ micron wool categories which sold 25 and 44 bales, respectively. 16µ micron wool sold to a top of 1,755c/kg greasy or 2,403c/kg dry while 22µ micron wool sold to a top of 890c/kg greasy or 1,273c/kg dry. The top priced lot online was a lot of 16.6µ micron Merino fleece AAAM wool which sold for 1,755c/kg greasy or 2,273c/kg dry with 0.2% vegetable matter. This lot is 75mm in length, was offered by Nutrien Ag Solutions – Victoria and is “TYMONA PARK” branded.

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