Week 48 Wool Market Review
AWIS WOOL MARKET REVIEW
Week Ending 29 May 2020 (Week 48).
The AWEX EMI finished 15¢ higher (+1.3%) in Australian currency and 20¢ higher (+2.6%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 48.
18,828 bales were on offer nationally, compared with 21,101 bales last sale. 7.9% of the offering was passed in after 11.2% of the potential offering was withdrawn prior to sale. 17,343 bales were sold.
The Pass-In Rate was the lowest since the last sale prior to Christmas.
AWEX reports that the value of the wool sold was $22.2 million ($1,280 per bale), taking the season total to $1.853 billion ($1,635 per bale). The number of bales sold at auction this season is now 19.3% less than in 2018/19.