Week 39 Wool Market Review
AWIS WOOL MARKET REVIEW
Week Ending 30 March 2018 (Week 39)
The AWEX EMI finished at 1772¢, 6¢ lower (-0.3%) in Australian currency and 14¢ lower (-1.0%) in US currency at sales in Sydney, Melbourne and Fremantle this week.
44,841 bales were on offer nationally, compared with 38,219 bales last sale. 7.8% of the offering was passed in, including a 22.6% Pass-In Rate across all types in Fremantle on Tuesday and an overall Pass-In Rate of 10.5% for Merino Fleece where the market eased across all Merino micron ranges other than 23 microns. This repeats what we have seen so often in the past, that a change in the Pass-In Rate is affected more by the direction of the market than by the level of the market.
AWEX reports that the value of the wool sold was $80.4 million ($1,945 per bale), taking the season total to $2.6 billion.