Week 02 Wool Market Report
AWIS WOOL MARKET REVIEW
Week Ending 12 July 2019 (Week 02)
The AWEX EMI finished 31¢ higher (+1.8%) in Australian currency and 11¢ higher (+0.9%) in US currency in Sydney, Melbourne and Fremantle this week in the last sales before the three week mid-year break.
The EMI has picked up by 39¢ in Australian currency since falling to 1715 in the last Sale in June two weeks ago.
34,078 bales were on offer nationally, compared with 30,991 bales last sale. 6.5% of the offering was passed in; which was well below the average of 17.5% in June.
AWEX reports that the value of the wool sold was $59.9 million ($1,880 per bale), taking the season total to $113.8 million ($1,869 per bale).