AWEX wool indicator down 2.5% from previous week

18 Jun '12

4 min read

Skirting prices eased on both days, with the poorer types again the most affected. There appeared to be more willing sellers this week, as was the case last week. The pass-in rate of 14.8% for Merino types was similar to that of last week and was well below the pass-in rate of 19.6% for fleece wool for the first time for some weeks.

It was a good week for crossbred wools. As mentioned above, their average AWEX Micron Price Guides (MPGs) were either unchanged, or slightly up for the week.

Oddments eased sharply on Wednesday, apart from in the South, but were steadier on Thursday. Buyers for China were dominant this week, followed by strong support from buyers for India, Korea and Europe.

Sales will be held in Sydney and Melbourne next week, when 22,600 bales are currently rostered for sale. Present estimates for the following two sales (Weeks 52 and 01 next season) are 33,310 and 30,700 bales, respectively; a decrease of 6.9% over the three sale period when compared with last year. There is only one Fremantle sale scheduled in that period, in Week 52. Sales are in recess in South Africa until 15 August.

Australian Wool Industries Secretariat Inc (AWIS)

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