AWIS WOOL MARKET REVIEW
Week Ending 1 July 2022 (Week 52) The AWEX EMI finished at 1430¢, 44¢ lower (-3.0%) in Australian currency and 34¢ lower (-3.3%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 52. 43,305 bales were on offer nationally, compared with 29,807 bales last sale. An increase in the size of is a normal occurrence in the last sale of the financial year. 20.1% of the offering was passed in after 2.1% of the potential offering was withdrawn prior to sale. 34,616 bales were sold. AWEX reports that the value of the wool sold was $58.0 million ($1,676 per bale), taking the season total to $2.590 billion ($1,611 per bale) compared with $2.219 billion (+16.7%) and $1,424 per bale (+13.1%) in 2020/21. The number of bales sold at auction this season is now 5.4% greater than in 2020/21.