Week 27 Wool Market Report

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compared with 42,542 bales last sale. 7.7% of the offering was passed in after 8.5% of the potential offering was withdrawn prior to sale.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).

AWIS Newsletter Week Ending 5 January 2020

Read More