Week 44 Wool Market Review
AWIS WOOL MARKET REVIEW
Week Ending 1 May 2020 (Week 44)
The AWEX EMI finished at 1225¢, after falling a further 47¢ (-3.7%) in Australian currency, and 3¢ lower (-0.4%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 44.
22,904 bales were on offer nationally, compared with 24,974 bales last sale. 25.7% of the offering was passed in after 10.3% of the potential offering was withdrawn prior to sale. 17,021 bales were sold.
AWEX reports that the value of the wool sold was $21.9 million ($1,287 per bale), taking the season total to $1.754 billion ($1,662 per bale). The number of bales sold at auction this season is now 19.2% less than in 2018/19.