For the first nine months of the financial year AWH receipts of wool nationally into our warehouses are consistent with the same period last year.
However, we do see some state by state variations with Queensland up 2.6%, New South Wales down 1.7%, Victoria up 4.8%, South Australia up 1.3% and Western Australia down 8.3% on the prior year periods.
The speed at which wool is moving through the system at present is quite phenomenal and the demands to get wool to the wharf are ever increasing. This is being driven by current high prices and pressed exporter cash flows and results in reduced time that wool is spend in storage.
AWH are also experiencing increased volumes go through the export packing facilities in Melbourne and Sydney, however the mix of packed containers (versus containers with dumped wool) has significantly increased as back load sea freight rates into China for 40’ containers are very competitive at present when compared to 20’ containers traditionally used for dumped wool transport.