Week 13 Wool Market Report
AWIS WOOL MARKET REVIEW
Week Ending 27 September 2019 (Week 13).
The AWEX EMI finished 67¢ higher (+4.3%) in Australian currency and 39¢ higher (+3.7%) in US currency at sales in Sydney, Melbourne and Fremantle this week.
27,374 bales were on offer nationally, compared with 30,135 bales last sale. 7.6% of the offering was passed in; after 7.4% was passed in before sale. Seller resistance saw the Western Pass-In Rate rise to 28.6% on Thursday when the WMI fell by 29¢.
AWEX reports that the value of the wool sold was $47.0 million ($1,858 per bale), taking the season total to $420.2 million ($1,720 per bale).