What is the difference between the premiums and discounts provided by Woolcheque and the weekly AWEX P&D report?
The weekly AWEX P&D report is produced for each region, i.e. north, south and west. It contains clean prices for predominate fleece types, skirtings, lambs, locks and crutchings. It also contains relevant premiums and discounts for a range of variables e.g. colour, VM, strength, cotts, etc. The Woolcheque price is also calculated using premiums and discounts, however the technique is slightly different. Multiple discounts on a line of wool are not necessarily best priced by deducting all or the discounts off the base price. Instead the site attempts to replicate market behaviour by ranking the discounts from largest to smallest in value. The largest discount will always be used, however where there is 3 or 4 deductions present, only portions of subsequent discounts may be used. The final price will rarely be exactly the same as the AWEX Premium & Discount report, but is found to be the most accurate way of estimating prices. Example: Consider a line of wool such as a good topmaking fle
