Week 31 Wool Market Review
AWIS WOOL MARKET REVIEW
Week Ending 29 January 2021 (Week 31)
The AWEX EMI finished 89¢ higher (+7.4%) in Australian currency and 51¢ higher (+5.5%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 31.
39,841 bales were on offer nationally, compared with 44,254 bales last sale. 5.8% of the offering was passed in after 4.7% of the potential offering was withdrawn prior to sale. 37,542 bales were sold.
AWEX reports that the value of the wool sold was $54.6 million ($1,454 per bale), taking the season total to $953.2 million ($1,293 per bale). The number of bales sold at auction this season is now 0.9% greater than in 2019/20.