Week 34 Wool Market Report
AWIS WOOL MARKET REVIEW
Week Ending 19 February 2021 (Week 34)
The AWEX EMI finished 43¢ higher (+3.4%) in Australian currency and 36¢ higher (+3.7%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 34.
44,376 bales were on offer nationally, compared with 49,810 bales last sale. 9.7% of the offering was passed in after 5.7% of the potential offering was withdrawn prior to sale. 40,088 bales were sold.
AWEX reports that the value of the wool sold was $59.3 million ($1,479 per bale), taking the season total to $1.146 billion ($1,323 per bale). The larger offerings since the Christmas break have taken the number of bales sold at auction this season to 6.5% more than in 2019/20.
The New Zealand Merino Company also offered 1,673 bales in Melbourne on Thursday, of which 10.8% were passed in.