Week 20 Wool Market Review
AWIS WOOL MARKET REVIEW
Week Ending 16 November 2018 (Week 20)
In an encouraging week, the AWEX EMI finished 5¢ higher (+0.3%) in Australian currency and 9¢ higher (+0.7%) in US
currency at sales in Sydney, Melbourne and Fremantle this week. Trade reports indicate that there was good widespread
competition that made it difficult for any one firm to dominate.
35,334 bales were on offer nationally, compared with 32,189 bales last sale. 10.9% of the offering was passed in.
The lift in the market on Thursday did nothing for the Pass-In Rate which was higher on Thursday (11.3%) than on
Wednesday (10.5%), suggesting that growers are looking for prices nearer to those of a few weeks ago.
AWEX reports that the value of the wool sold was $62.1 million ($1,972 per bale), taking the season total to $1.274 billion
($2,322 per bale).