Week 33 Wool Market Review
AWIS WOOL MARKET REVIEW
Week Ending 12 February 2021 (Week 33)
The AWEX EMI finished at 1275¢, 10¢ lower (-0.8%) in Australian currency and 8¢ higher (+0.8%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 33. The EMI has risen by 128¢ since the pre-Christmas sale.
The Melbourne sale included 4,234 bales of good quality Tasmanian wool, most of which sold well on Wednesday.
49,810 bales were on offer nationally, compared with 45,126 bales last sale. 12.6% of the offering was passed in after 5.7% of the potential offering was withdrawn prior to sale, leaving 43,531 bales as sold. The number of bales sold at auction this season is now 6.0% greater than in 2019/20.
AWEX reports that the value of the wool sold was $70.4 million ($1,617 / bale). The season total to $1.087 billion ($1,307 / bale).