Week 14 Wool Market Review
AWIS WOOL MARKET REVIEW
Week Ending 4 October 2019 (Week 14).
The AWEX EMI finished at 1511¢, 98¢ lower (-6.1%) in Australian currency and 71¢ lower (-6.5%) in US currency at sales in Sydney, Melbourne and Fremantle this week.
33,548 bales were on offer nationally, compared with 27,374 bales last sale. 34.1% of the offering was passed in after 11.2% of the original offering had been withdrawn before sale.
AWEX reports that the value of the wool sold was $37.8 million ($1,710 per bale), taking the season total to $458.0 million ($1,734 per bale).
The New Zealand Merino Company also offered 3,473 bales in Melbourne on Thursday, of which 33.2% were passed in.