Week 17 Wool Market Report
AWIS WOOL MARKET REVIEW
Week Ending 25 October 2019 (Week 17).
The AWEX EMI finished 28¢ higher (+1.8%) in Australian currency and 28¢ higher (+2.7%) in US currency at sales in Sydney, Melbourne and Fremantle this week.
27,047 bales were on offer nationally, compared with 35,351 bales last sale. 7.1% of the offering was passed in.
AWEX reports that the value of the wool sold was $43.8 million ($1,743 per bale), taking the season total to $600.1 million ($1,737 per bale). The number of bales sold at auction this season is now 26.0% less than in 2018/19.
The New Zealand Merino Company also offered 2,683 bales in Melbourne on Thursday, of which 11.3% were passed in.