AWIS WOOL MARKET REVIEW
Week Ending 19 June 2020 (Week 51)
The AWEX EMI finished at 1139¢, 32¢ lower (-2.7%) in Australian currency and 27¢ lower (-3.3%) in US currency at sales in Sydney and Melbourne in Week 51.
15,800 bales were on offer nationally, compared with 21,785 bales last sale. It was the second smallest of the season with only two centres selling. 10.5% of the offering was passed in after 7.2% of the potential offering was withdrawn prior to sale, leaving 14,146 bales as sold.
AWEX reports that the value of the wool sold was $18.5 million ($1,308 per bale), taking the season total to $1.916 billion ($1,623 per bale). The number of bales sold at auction this season is now 19.2% less than in 2018/19.
