Week 51 Wool Market Review
AWIS WOOL MARKET REVIEW
Week Ending 21 June 2019 (Week 51)
The AWEX EMI finished at 1766¢, 57¢ lower (-3.1%) in Australian currency and 42¢ lower (-3.3%) in US currency at sales in Sydney and Melbourne this week.
It was the lowest closing value for the EMI this season; and the lowest since a value of 1751¢ in March last year.
It was also the smallest offering for the season. 19,072 bales were on offer nationally, compared with 28,140 bales last sale.
Growers were more willing to sell, with 12.8% of the offering was passed in, compared with 21.3% in the previous week.
AWEX reports that the value of the wool sold was $30.2 million ($1,816 per bale), taking the season total to $3.133 billion ($2,149 per bale).