AWIS WOOL MARKET REVIEW
Week Ending 20 December 2019 (Week 27)
The AWEX EMI finished 55¢ higher (+3.7%) in Australian currency and 33¢ higher (+3.2%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 25.
34,776 bales were on offer nationally, compared with 42,542 bales last sale. 7.7% of the offering was passed in after 8.5% of the potential offering was withdrawn prior to sale.
AWEX reports that the value of the wool sold was $51.3 million ($1,599 per bale), taking the season total to $1.035 billion ($1,718 per bale). The number of bales sold at auction this season is now 12.8% less than in 2018/19, despite there being one more sale this season.
It was the closing sale prior to the Christmas break. Sales are in recess until the week beginning 13 January (Week 29).
