Week 07 Wool Market Report
AWIS WOOL MARKET REVIEW
Week Ending 16 August 2019 (Week 07).
The AWEX EMI finished at 1513¢, 163¢ lower (-9.7%) in Australian currency and 109¢ lower (-9.6%) in US currency at sales in Sydney, Melbourne and Fremantle this week. The total fall in the EMI over the last two sales is 241¢.
35,416 bales were on offer nationally, compared with 41,543 bales last sale. 35.1% of the offering was passed in.
26.6% of Thursday’s offering was withdrawn prior to sale after the 112¢ fall in the EMI on Wednesday.
AWEX reports that the value of the wool sold was $38.6 million ($1,680 per bale), taking the season total to $203.5 million ($1,822 per bale).
The New Zealand Merino Company also offered 1,956 bales in Melbourne on Thursday, of which 51.4% were passed in.