Week 20 Wool Market Review
AWIS WOOL MARKET REVIEW
Week Ending 15 November 2019 (Week 20).
The AWEX EMI finished 19¢ higher (+1.2%) in Australian currency and 2¢ higher (+0.2%) in US currency at sales in Sydney, Melbourne and Fremantle this week.
36,110 bales were on offer nationally, compared with 34,057 bales last sale. 7.2% of the offering was passed in after 6.3% of the potential offering was withdrawn prior to sale.
AWEX reports that the value of the wool sold was $59.7 million ($1,782 per bale), taking the season total to $768.3 million ($1,746 per bale). The number of bales sold at auction this season is now 20.5% less than in 2018/19.