Week 17 Wool Market Report

Week Ending 26 October 2018 (Week 17)
The AWEX EMI finished at 1874¢, 96¢ lower (-4.9%) in Australian currency and 79¢ lower (-5.6%) in US currency at sales
in Sydney, Melbourne and Fremantle this week. This took the falls in the EMI over the last two sales to 149¢ (-7.4%) in
Australian currency and 105¢ (-7.3%) in US currency.
While the falls over the last two weeks have attracted considerable attention, it needs to be noted that there was a week-toweek
rise of 126¢ in the EMI in mid-August; and that the EMI and WMI are still 296¢ (+18.8%) and 399¢ (+24.4%) greater
than at the end of Week 17 last year when the EMI was 1578¢.
33,371 bales were on offer nationally, compared with 36,084 bales last sale. 22.6% of the offering was passed in.
AWEX reports that the value of the wool sold was $55.5 million ($2,149 per bale), taking the season total to $1.1 million
($2,360 per bale).
The New Zealand Merino Company also offered 1,151 bales in Melbourne on Thursday, of which 53.6% were passed in.

AWIS Wool Market Review 26 October 2018 (Week 17)

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