Week 24 Wool Market Review
AWIS WOOL MARKET REVIEW
Week Ending 13 December 2019 (Week 24).
The AWEX EMI finished 11¢ higher (+0.7%) in Australian currency and 14¢ higher (+1.4%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 24.
42,542 bales were on offer nationally, compared with 37,191 bales last sale. It was the largest initial offering of the season before 10.2% of the potential offering was withdrawn prior to sale. 10.7% of the offering was then passed-in.
AWEX reports that the value of the wool sold was $61.9 million ($1,630 per bale), taking the season total to $983.5 million ($1,731 per bale). The number of bales sold at auction this season is now 17.4% less than in 2018/19.