Week 36 Wool Market Review
AWIS WOOL MARKET REVIEW
Week Ending 12 March 2021 (Week 36
The AWEX EMI finished at 1309¢, 1¢ lower (-0.1%) in Australian currency and 7¢ lower (-0.7%) in US currency at sales in Sydney, Melbourne and Fremantle on Wednesday and Thursday.
The EMI and WMI are now 18.0% and 16.7% above their closing level prior to Christmas.
46,480 bales were on offer nationally, compared with 46,544 bales last sale. 9.3% of the offering was passed in after 5.2% of the potential offering was withdrawn prior to sale. 42,155 bales were sold.
AWEX reports that the value of the wool sold was $62.8 million ($1,490 per bale), taking the season total to $1.333 billion ($1,345 per bale).