Every week, Quality Wool Managing Director Mark Dyson brings you his summary of the week in wool.
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Every week, Quality Wool Managing Director Mark Dyson brings you his summary of the week in wool.
The Australian wool market has resumed this week after the annual three‑week mid‑year recess, recording a small overall loss.
As shearing continued during the break, wool continued to make its way into broker’s stores and as this was the first opportunity to sell at auction since early July, this is traditionally one of the larger sales of the season.
This year there was only 43,697 bales available to the trade, 11,666 less than the 55,363 on offer in Week 6 last year.
The market movements were varied across different sectors, different types and different microns.
In the Merino fleece types the individual Micron Price Guides (MPGs) ranged between plus 42 cents (17 micron in the North) through to minus 45 cents (19 micron in the West), while the crossbred market was mainly positive.
The 37 cent (6.5 per cent) increase in the Southern 26 micron MPG was a market highlight, with only the 32 micron 10 cent loss in the same region preventing an across the board crossbred increase.
The carding market also recorded an overall gain, with the three Merino Carding indicators (MC) rising by an average of 10.3 cents.
Overall, the AWEX Eastern Market Indicator (EMI) dropped by three cents for the series, closing at 1,176 cents.
Although the fall in the EMI was minimal when viewed in Australian dollar (AUD) terms, due to a significant weakening in the AUD against the US dollar (USD) since the previous sale (the AUD lost 1.7 cents since the 12th of July), when viewed in USD terms the market reduction was larger, the EMI dropped by 22 US cents, a 2.8 per cent reduction.
Sales will now continue every week until the end of year Christmas recess and next week is another reasonably large offering, as wool accumulated during the break makes its way to auction.
There is expected to be 46,874 bales on offer in Sydney, Melbourne and Fremantle.
July 2023 to June 2024
Week Commencing
3.07.23
Proceeds Due
14.07.23
Week Commencing
10.07.23
Proceeds Due
21.07.23
Week Commencing
17.07.23
Week Commencing
24.07.23
Week Commencing
31.07.23
Week Commencing
7.08.23
Proceeds Due
18.08.23
Week Commencing
14.08.23
Proceeds Due
25.08.23
Week Commencing
21.08.23
Proceeds Due
1.09.23
Week Commencing
28.08.23
Proceeds Due
8.09.23
Week Commencing
4.09.23
Proceeds Due
15.09.23
Week Commencing
11.09.23
Proceeds Due
22.09.23
Week Commencing
18.09.23
Proceeds Due
29.09.23
Week Commencing
25.09.23
Proceeds Due
6.10.23
Week Commencing
2.10.23
Proceeds Due
13.10.23
Week Commencing
9.10.23
Proceeds Due
20.10.23
Week Commencing
16.10.23
Proceeds Due
27.10.23
Week Commencing
23.10.23
Proceeds Due
3.11.23
Week Commencing
30.10.23
Proceeds Due
10.11.23
Week Commencing
6.11.23
Proceeds Due
17.11.23
Week Commencing
13.11.23
Proceeds Due
24.11.23
Week Commencing
20.11.23
Proceeds Due
1.12.23
Week Commencing
27.11.23
Proceeds Due
8.12.23
Week Commencing
4.12.23
Proceeds Due
15.12.23
Week Commencing
11.12.23
Proceeds Due
22.12.23
Week Commencing
18.12.23
Week Commencing
25.12.23
Week Commencing
1.01.24
Week Commencing
8.01.24
Proceeds Due
19.01.24
Week Commencing
15.01.24
Proceeds Due
25.01.24
Week Commencing
22.01.24
Proceeds Due
2.02.24
Week Commencing
29.01.24
Proceeds Due
9.02.24
Week Commencing
5.02.24
Proceeds Due
16.02.24
Week Commencing
12.02.24
Proceeds Due
23.02.24
Week Commencing
19.02.24
Proceeds Due
1.03.24
Week Commencing
26.02.24
Proceeds Due
8.03.24
Week Commencing
4.03.24
Proceeds Due
15.03.24
Week Commencing
11.03.24
Proceeds Due
22.03.24
Week Commencing
18.03.24
Proceeds Due
28.03.24
Week Commencing
25.03.24
Proceeds Due
5.04.24
Week Commencing
1.04.24
Week Commencing
8.04.24
Proceeds Due
19.04.24
Week Commencing
15.04.24
Proceeds Due
26.04.24
Week Commencing
22.04.24
Proceeds Due
3.05.24
Week Commencing
29.04.24
Proceeds Due
10.05.24
Week Commencing
6.05.24
Proceeds Due
17.05.24
Week Commencing
13.05.24
Proceeds Due
24.05.24
Week Commencing
20.05.24
Proceeds Due
31.05.24
Week Commencing
27.05.24
Proceeds Due
7.06.24
Week Commencing
3.06.24
Proceeds Due
14.06.24
Week Commencing
10.06.24
Proceeds Due
21.06.24
Week Commencing
17.06.24
Proceeds Due
28.06.24
Week Commencing
24.06.24
Proceeds Due
5.07.24
Wool classers can let us know the details of the wool that they want us to sell by filling out our Classers Specification PDF form.