OUR BLOGS
Week 09 – September 2022
AWI Commentary
Wool prices lowered at this week’s Australian wool auctions. Subdued competition and lacklustre off shore demand were the key factors. Local traders backed off their intensity in purchasing and lowered risk, both in price and inventory as positive signals were not forthcoming from their overseas clients. It was left...
Week 07 – August 2022
AWI Commentary
The continuing influence that foreign exchange (forex) rates have on spot wool prices was highlighted again at this week’s Australian wool auctions. Markets traded to a firm-unchanged basis throughout the week. Just a few minor movements on individual type quotations occurred as most bid prices were being accepted at...
Week 08 – August 2022
AWI Commentary
This week’s Australian wool auctions were a rather static affair with minimal price movements recorded. With the Western Australian market at Fremantle not in operation, it was left to the two Eastern centres to provide the market direction from which provided a very firm result with the EMI remaining...
Week 06 – August 2022
AWI Commentary
The opening week of the “new season” Australian wool auctions was all about currency and volumes. The pent-up supply due to the three week recess was seen as a impediment to positive market outcomes, but far more relevant to wool pricing was the vastly improved and more expensive Australian...
Week 02 – July 2022
AWI Commentary
The result of the Australian wool auctions saw reduced values across almost all types and descriptions on offer. The abnormally large volumes available this and the past few weeks, provided buyers plenty of choice and price opportunity. This allowed the market to go to the buyer’s favour as sellers...
Week 01 – July 2022
AWI Commentary
The opening action of the new 2021/22 selling season at this week’s Australian wool auctions produced widespread losses for most wool values. The abnormally large supply clashed with sluggish demand. Buyers subsequently took full advantage of that situation and prices across all Merino fleece types stepped down by 40...
EMI drops 12 cents
After two weeks of being unchanged overall, the Australian wool market fell this week with the AWEX Eastern Market Indicator (EMI) dropping 12 cents to close at 1,330c/kg. Although a smaller offering of 35,538 bales attracted strong demand, it was apparent from the opening lot that prices were below last week’s...
Lamb indicator down 5pc
SOUTHERN Australia’s hot and dry conditions have forced an increased number of lambs on the market, resulting in the Eastern States Trade Lamb Indicator (ESTLI) dropping 5per cent year-on-year, to 525 cents per kilograms carcase weight. Last week Western Australia trade lambs averaged 487c/kg cwt, down from 517c/kg last year, while...