Weekly Wool Prices

Week Ending January 17 (Week 29)

17 January 2014

Prevailing expectations at the start of Australian wool auctions this week were overwhelming negative. The scheduled volume of 60,000 bales and the AU:US exchange rate over 90cents had the local exporters and overseas buyers spooked, and cautious buying strategies would obviously be employed initially. The later non-appearance of 10% of the bales and the dollar falling to 88cents eventually helped arrest the slide in prices. Unfortunately this data wasn’t available to buyers until Thursday, when approximately 65% of the volume had already been offered and put through the auction.

Click here to access AWI's Wool Market Weekly Report (pdf 99Kb).