Week 37 Wool Market Report
AWIS WOOL MARKET REVIEW
Week Ending 13 March 2020 (Week 37)
The AWEX EMI finished at 1521¢, 41¢ lower (-2.6%) in Australian currency and 52¢ lower (-5.0%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 37.
43,579 bales were on offer nationally, compared with 62,166 bales last sale. 25.5% of the offering was passed in after 6.2% of the potential offering was withdrawn prior to sale.
AWEX reports that the value of the wool sold was $49.9 million ($1,537 per bale), taking the season total to $1.517 billion ($1,706 per bale). The number of bales sold at auction this season is now 18.5% less than in 2018/21.