Week 51 Wool Market Report
The AWEX EMI finished 52¢ higher (+2.6%) in Australian currency and 1¢ lower (-0.1%) in US currency at sales in Sydney and Melbourne this week.
20,904 bales were on offer nationally, compared with 28,029 bales last sale. 2.0% of the offering was passed in. It was the smallest sale of the year, both nationally and in Melbourne; and no doubt reflects the rush which has been on to shear and offer wool for sale as quickly as possible.
AWEX reports that the value of the wool sold was $46.6 million ($2,275 per bale, $519 more than at the same time last year), taking the season total to $3.4 billion. AWIS Wool Market Review 22 June 2018 (Week 51)