RWS-accredited Merino wool is on the market from the entire southern hemisphere wool exporters, together with South Africa, Australia, New Zealand, and South America. Efficient value and quantity information for this wool are actually solely out there from South Africa (see extra right here) and Australia, that are used on this article.
Determine 1 compares month-to-month common costs for the South African 19-micron RWS indicator from September 2021 onwards with two Australian value sequence. The Australian sequence is each 19-micron fleece indicators (constructed to approximate an AWEX MPG); One which is non-mulesed (CM-NM) and accredited to one of many principal high quality schemes (RWS, Authentico, and SustainaWool), and a second sequence which is non-mulesed with out accreditation to a top quality scheme.
There’s quite a lot of crossover between the standard schemes, as many Australian farm heaps offered at public sale have accreditation to a number of schemes.
As Determine 1 exhibits, the South African RWS sequence and the Australian non-mulesed plus high quality scheme sequence have a tendency to trace one another, not less than from mid-2022 onwards. In distinction, the Australian non-mulesed sequence with out high quality scheme accreditation is discounted to the opposite two sequence, though this low cost has diverse in measurement (see extra right here). The message from this graph is that when like-for-like is in contrast, wool costs are comparable throughout totally different areas.
Determine 2 compares the South African non-RWS 19-micron indicator with two Australian value sequence. The Australian non-mulesed with out high quality scheme accreditation sequence from Determine 1, together with a sequence combining 19-micron fleece with ache aid, no declaration, or declared as mulesed, are proven. The three sequence monitor one another intently, reinforcing the view from Determine 1 that wools of comparable high quality traits have comparable costs.
Lastly, Determine 3 exhibits the premium for 19-micron RWS fleece wool in South Africa (month-to-month averages in share phrases) from September 2021 onwards, together with the premium of Australian 19-micron non-mulesed wool with and with out high quality scheme accreditation. From mid-2022, the 2 premiums have tended to trace one another, via highs and lows.
