Week 24 Wool Market Report
AWIS WOOL MARKET REVIEW
Week Ending 11 December 2020 (Week 24)
The AWEX EMI finished 54¢ higher (+4.7%) in Australian currency and 48¢ higher (+5.7%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 24. It was the second last sale before the Christmas break.
37,836 bales were on offer nationally, compared with 35,986 bales last sale. 5.0% of the offering was passed in after 4.8% of the potential offering was withdrawn prior to sale. 35,947 bales were sold.
AWEX reports that the value of the wool sold was $50.3 million ($1,399 per bale), taking the season total to $730.0 million ($1,260 per bale). The number of bales sold at auction this season is now 0.9% greater than in 2019/20.
The New Zealand Merino Company also offered 569 bales in Melbourne on Wednesday, of which 6.7% were passed in.