Week 29 Wool Market Review
AWIS WOOL MARKET REVIEW
Week Ending 15 January 2021 (Week 29)
The AWEX EMI finished 15¢ higher (+1.3%) in Australian currency and 33¢ higher (+3.8%) in US currency when sales resumed after the Christmas break in Sydney, Melbourne and Fremantle in Week 29.
52,290 bales were on offer nationally, compared with 44,835 bales last sale. 10.9% of the offering was passed in after 6.9% of the potential offering was withdrawn prior to sale. 46,578 bales were sold. It was also the largest sale of the season.
AWEX reports that the value of the wool sold was $62.6 million ($1,344 per bale), taking the season total to $841.3 million ($1,272 per bale). The number of bales sold at auction this season is now 1.5% greater than in 2019/20.