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.

AWIS Wool Market Review Week 49

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