Week 16 Wool Market Review
AWIS WOOL MARKET REVIEW
Week Ending 19 October 2018 (Week 16)
The AWEX EMI finished at 1970¢, 53¢ lower (-2.6%) in Australian currency and 26¢ lower (-1.8%) in US currency at sales
in Sydney, Melbourne and Fremantle this week.
Reports from other commodity markets indicate that wool was not alone in coming under pressure during the week.
36,084 bales were on offer nationally, compared with 32,072 bales last sale. 19.4% of the offering was passed in.
AWEX reports that the value of the wool sold was $68.0 million ($2,339 per bale), taking the season total to $1.0 billion
($2,372 per bale).