IMPORTANT NOTICE:
AWIS, like other wool industry organisations, is feeling the pressure of the reduction in wool production and of increasing costs.
This has led to a review of AWIS policies and services.
As a result of this review, AWIS had made a decision to concentrate on services that it provides to its Member Organisations.
One such service is the AWIS Market Review, which is distributed to Members and to other interested parties as well as being included on the AWIS web Site.
AWIS continues to provide the Market Review to other persons or organisations who wish to receive it, in which case, there is a charge of $50 (plus GST) per annum to assist AWIS in covering the costs of producing the Review.
Under these circumstances the AWIS Market Review will now be delayed by a week in going onto the Web Site.
Those who wish to receive the Market Review in a more timely manner can do so by paying the $50 (plus GST) per annum subscription for the combined AWIS Newsletter / Market Review.
Please make contact with Melissa at melissa.mulley@woolindustries.org if you wish to take-up the subscription option.
AWIS hopes that the reasons for this decision are understood and appreciated.
AWIS WOOL MARKET REVIEW
Week Ending 15 June 2018 (Week 50)
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The AWEX EMI finished 10¢ higher (+0.5%) in
Australian currency and 13¢ lower (-0.8%) in US currency at sales in Sydney,
Melbourne and Fremantle this week. In the smallest three centre sale of the season, 28,029
bales were on offer nationally, compared with 26,942 bales last sale. 3.4% of the offering was passed in, the
same as last week. AWEX reports that the value of wool sold was
$58.5 million ($2,160 per bale), taking the season total to $3.3 billion.
The market continued in the manner of recent
weeks, with the EMI continuing above 2000¢; and the strongest demand being
among the medium and broader Merino types.
They again reached record price levels. The other main feature of the market was the
continuing closeness of prices for these wools. There was only 32¢ between the closing
average MPGs from 19.5 and 23 microns last week. This week, the difference was only 8¢ from
19.5 to 22 microns; and 32¢ from 19.5 to 23 microns, with the average 20 MPG
2¢ greater than the 19.5 MPG (the average difference over the whole season is
76¢ in favour of the 19.5 micron wool). There were small movements in both directions
among the crossbreds; skirtings were easier and oddments were generally firm
or unchanged Prices in Australian currency were helped by a
fall in the US Exchange Rate, which finished 1.04¢ (-1.4%) lower to close at
75.55¢ on Thursday. But, it was a very
strong market irrespective of the Exchange Rate. Buyers for China were dominant, with support from
buyers for India and Europe. Looking ahead, the expected offerings are falling
away over the coming three weeks; and are currently forecast to be 14.8% less
than in the same period last year.
Next Three Sales Week Number Commencing Selling Centres Bales 51 18 June
2018 Sydney and
Melbourne 21,326 52 25 June
2018 Sydney, Melbourne
and Fremantle 33,810 01 2
July 2018 Sydney,
Melbourne and Fremantle 38,857 © AWIS 2018 (for permission to reprint, in part or whole, please
contact this office) |
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AWIS WOOL MARKET
REVIEW ARCHIVES
(Week Ending)
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