Week 48 Wool Market Review

AWIS WOOL MARKET REVIEW

Week Ending 1 June 2018 (Week 48)

The AWEX EMI reached the 2000¢ mark this week when it finished 44¢ higher (+2.2%) at 2027¢ in Australian currency

and 33¢ higher (+2.2%) in US currency at sales in Sydney, Melbourne and Fremantle this week.

The closing EMI has risen by 55¢, 52¢, 40¢ and 44¢ over the last four sales

The closing value of 1533¢ in US currency was also a record, being 18¢ above the previous high of 1515¢ in June 2011

when the US Exchange Rate was 105.5¢.

The Fremantle market was very strong in a one day sale on Tuesday, when the WMI rose by 48¢, almost double the rises of

26¢ and 29¢ in Sydney and Melbourne on the same day.

30,439 bales were on offer nationally, compared with 30,053 bales last sale. 2.3% of the offering was passed in.

AWEX reports that the value of the wool sold was $65.7 million ($2,210 per bale – another record), taking the season total to

$3.2 billion.

AWIS Wool Market Review 1 June 2018 (Week 48)

Read More