AWIS WOOL MARKET REVIEW
Week Ending 22 May 2020 (Week 47)
The AWEX EMI finished at 1155¢, 24¢ lower (-2.0%) in Australian currency and 6¢ lower (-0.8%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 47.
21,101 bales were on offer nationally, compared with 23,371 bales last sale. 12.5% of the offering was passed in after 8.6% of the potential offering was withdrawn prior to sale. 18,455 bales were sold.
AWEX reports that the value of the wool sold was $23.8 million ($1,290 per bale), taking the season total to $1,831 billion ($1,641 per bale). The number of bales sold at auction this season is now 19.0% less than in 2018/19.
