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