Week 16 Wool Market Review
AWIS WOOL MARKET REVIEW
Week Ending 18 October 2019 (Week 16).
The AWEX EMI finished at 1517¢, 26¢ lower (-1.7%) in Australian currency and 12¢ lower (-1.2%) in US currency at sales in Sydney, Melbourne and Fremantle this week.
35,351 bales were on offer nationally, compared with 28,149 bales last sale. 15.3% of the offering was passed in.
AWEX reports that the value of the wool sold was $52.5 million ($1,754 per bale), taking the season total to $556.3 million ($1,737 per bale). The number of bales sold at auction this season is 27.4% less than in 2018/19.