Week 32 Wool Market Review
AWIS WOOL MARKET REVIEW
Week Ending 7 February 2020 (Week 32).
The AWEX EMI finished 29¢ higher (+1.9%) in Australian currency and 23¢ higher (+2.2%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 32. It is 19¢ above the Pre-Christmas close.
30,562 bales were on offer nationally, compared with 33,700 bales last sale. 14.8% of the offering was passed in after 11.5% of the potential offering was withdrawn prior to sale.
AWEX reports that the value of the wool sold was $43.4 million ($1,667 per bale), taking the season total to $1.271 billion ($1,711 per bale). The number of bales sold at auction this season is now 16.8% less than in 2018/19.