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Weekly Price Reports

Weekly commentary on the wool market from AWI trade specialists.

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Friday, 13 September 2019

Wool market review - week ending 13 September 2019 (Week 11)

Pre-sale thoughts were rife at the start of this week that the price falls at Australian wool auctions had gone far too low. Expectations of a market adjustment upwards were commonplace. The ensuing price rises though were totally unexpected. Confusion appears to be just as prevalent across the wool trade and similar to when prices were cascading downward.

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Friday, 06 September 2019

Wool market review - week ending 6 September 2019 (Week 10)

Sales were held under a much better tone and while the first day selling was hit early, strengthening interest and competition became apparent. This sentiment transferred fully into the final day where most types and descriptions posted modest gains.

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Friday, 30 August 2019

Wool market review - week ending 30 August 2019 (Week 9)

The slowing of the price decline and the more hopeful tone witnessed last week at the Australian wool auctions dissipated entirely this week. Heavy falls were the again dominating sale results. All wool types and descriptions, except the crossbred sector, experienced abnormally large losses, with the fine and medium ( 18.5 to 22 micron) Merino being most effected.

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Thursday, 22 August 2019

Wool market review - week ending 22 August 2019 (Week 8)

The selling week at Australian wool auctions steadied the falls experienced over the past fortnight, yet still tracked negatively. Better signs were in evidence, with most exporter buyers showing willingness to participate back to near normal levels. The sentiment and tone of auctions was more animated yet still very cautious in purchasing volume and aggressive pricing.

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Friday, 16 August 2019

Wool market review - week ending 16 August 2019 (Week 7)

Australian wool auction sales went into freefall this week with almost 10% of the value wiped off the wool offering, both in AUD and USD. A total lack of confidence, brought on by the slowing global economy, saw the majority of buyers desert the local auction markets. No sector was left untouched as prices plummeted from the outset. Quite incredibly it was this same sale last year that the Australian wool market hit the record EMI of 2116ac.

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