Week 29 - January 2025
Eastern Market Indicator (EMI)
Eastern Market Indicator (EMI)
Microns
AWEX Auction Micron Price Guides
Sales held Tue 14th Jan & Wed 15th Jan 2025
Offering (Aust. Only)
Offering (Aust. Only)
Sales Week 29: 16th January 2025
Currency Movements
Currency Movements
Sales Week 29: 16th January 2025
Forecast
Forecast
Scheduled Australian Wool Auction Sales
AWI Commentary
Australian wool auctions opened the 2025 New Year to a vigorous start, with price gains recorded across all types and descriptions. Competition was intense from the outset and continued throughout most of the selling week. Currency conversion was the major factor at play with a near 2% advantage to AUD pricing compared to the foreign exchange (forex) levels available when sales closed in December.
Exporters had reported pre-sale of some steady, yet not game changing, new demand from overseas users. This enquiry was apparent throughout much of the recess in sales. A lot of this new business was likely somewhat speculative on the back of an AU dollar that had fallen at some times to 3.5% lower against the US dollar.
All Merino prices appreciated by a general 40 to 60ac for the week. Similar to pre recess, some individual sale lots displaying better specifications spiked upwards by as much as 100ac. Crossbred wool types were also dearer and well sought and a 15ac gain was registered and cardings gained 25ac.
Buying was dominated by the three largest Chinese top makers, as well as Australia’s largest domestic trading companies covering off some risk of new sales made.
A slight re-assessment by sale room operators was undertaken just prior to the conclusion of selling as higher than expected auction volumes for next week became known to the buying trade and allowed some purchasing pressure to be released. Next week sees almost 49,000 bales being offered over the usual Tuesday/Wednesday roster.
