Week 10 Wool Market Review
The AWEX EMI finished at 2088¢, 2¢ lower (-0.1%) in Australian currency and 2¢ lower (-0.1%) in US currency at sales in
Sydney, Melbourne and Fremantle this week.
38,037 bales were on offer nationally, compared with 36,000 bales last sale. 4.0% of the offering was passed in.
AWEX reports that the value of the wool sold was $94.1 million ($2,577 per bale), taking the season total to $596.8 million.
The New Zealand Merino Company also offered 479 bales in Melbourne on Wednesday in its first sale of the season.
14.4% of the offering was passed in.