Week 48 Wool Market Report
AWIS WOOL MARKET REVIEW
Week Ending 31 May 2019 (Week 48)
The AWEX EMI lifted after two weeks of falls when it finished 54¢ higher (+2.9%) in Australian currency and 48¢ higher (+3.8%) in US currency at sales in Sydney, Melbourne and Fremantle this week.
28,273 bales were on offer nationally, compared with 24,121 bales last sale. 8.5% of the offering was passed in, down from 28.2% last week.
AWEX reports that the value of the wool sold was $50.6 million ($1,955 per bale), taking the season total to $3.026 billion ($2,160 per bale).