Week 34 Wool Market Report
AWIS WOOL MARKET REVIEW
Week Ending 20 February 2015 (Week 34)
The AWEX EMI finished at 1090¢, 2¢ lower (-0.2%) in Australian currency and 15¢ higher (+1.8%) in US currency at sales in Sydney, Melbourne and Fremantle this week. 49,583 bales were on offer nationally, compared with 52,021 bales last sale. 10.7% of the offering was passed in. The expected rush of bales onto the market did not eventuate following last week’s easing. The offering was 9,543 bales less than the 59,144 bales forecast on the previous Friday.
The New Zealand Merino Company offered 3,288 bales in Melbourne on Tuesday, of which 34.4% were passed in.