Week 34 Wool Market Review
AWIS WOOL MARKET REVIEW
Week Ending 22 February 2019 (Week 34)
The AWEX EMI finished 59¢ higher (+3.0%) in Australian currency and 51¢ higher (+3.6%) in US currency at sales in Sydney, Melbourne and Fremantle this week.
39,968 bales were on offer nationally, compared with 40,165 bales last sale. 6.3% of the offering was passed in, after rising from 3.6% on Tuesday/Wednesday to 9.8% on Thursday when the market eased.
AWEX reports that the value of the wool sold was $78.5 million ($2,097 per bale), taking the season total to $2.128 billion ($2,199 per bale).
The New Zealand Merino Company also offered 2,061 bales in Melbourne on Thursday, of which 2.4% were passed in.