AWIS WOOL MARKET REVIEW
Week Ending 13 November 2020 (Week 21)
The AWEX EMI finished 1¢ higher (+0.1%) in Australian currency and 18¢ higher (+2.1%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 20.
37,512 bales were on offer nationally, compared with 32,112 bales last sale. 11.5% of the offering was passed in after 11.2% of the potential offering was withdrawn prior to sale. 33,180 bales were sold.
It was the second largest offering for the season; and the highest clearance to the market since the last week of March.
AWEX reports that the value of the wool sold was $45.5 million ($1,371 per bale), taking the season total to $554.5 million ($1,230 per bale). The number of bales sold at auction this season is now 1.6% greater than in 2019/20.