Week 13 Wool Market Report

Week Ending 28 September 2018 (Week 13)
It was a very mixed week in which the AWEX EMI eased sharply to finish at 2013¢, 54¢ lower (-2.6%) in Australian
currency and 45¢ lower (-3.0%) in US currency at sales in Sydney, Melbourne and Fremantle.
The unusual selling pattern between the three centres was due to Friday being a Public Holiday in Melbourne for the AFL
Grand Final.
32,985 bales were on offer nationally, compared with 35,211 bales last sale. Sellers reacted to the fall in the market by
passing in 14.1% of the offering. The Pass-In Rate was 47,4% in Fremantle on Wednesday when the WMI fell by 74¢.
Despite the fall in the market, those who sold wool did very well, with the value of the wool sold at $69.3 million ($2,445
per bale). It took the season total to $828.6 ($2,330 per bale).
The average value per bale was $1,827 in Week 13 last year.

AWIS Wool Market Review 28 September 2018 (Week 13)

Read More