Wool Market Review Week 48
AWIS WOOL MARKET REVIEW
Week Ending 29 May 2015 (Week 48)
The AWEX EMI finished 70¢ higher (+5.6%) in Australian currency and 30¢ higher (+3.1%) in US currency at sales in Sydney, Melbourne & Fremantle this week.
In a smaller sale, 37,719 bales were on offer nationally, compared with 43,160 bales last sale. However, the offering was still 7.4% above the same week last year; and the week-by-week sale quantities since Easter are 23.8% ahead of last year as growers release previously withheld or passed-in wool onto the market.
1.0% of the offering was passed in, the lowest level for the season.