Wool Market Report Week 49
The market eased slightly in Australian currency this week, when the AWEX EMI finished at 2011¢, 16¢ lower (-0.8%) in Australian currency and 7¢ higher (+0.5%) in US currency at sales in Sydney and Melbourne this week.
This is only the second time in the nine sales since Easter that the EMI has fallen; while the value of the EMI has moved from 1772¢ to 2011¢ (+239¢ – +13.5%) over the same period. The EMI in US currency is at a new record level 1540¢.
26,942 bales were on offer nationally, compared with 30,439 bales last sale. 3.6% of the offering was passed in, compared with 2.3% last week.
AWEX reports that the value of the wool sold was $57.1 million ($2,199 per bale), taking the season total to $3.3 billion.