Week 38 Wool Market Report

Week Ending 19 March 2021 (Week 38)
The AWEX EMI finished at 1277¢, 32¢ lower (-2.4%) in Australian currency and 14¢ lower (-1.4%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 38.
48,409 bales were on offer nationally, compared with 46,480 bales last sale. 16.9% of the offering was passed in after 6.0% of the potential offering was withdrawn prior to sale, leaving 40,241 bales as sold.
AWEX reports that the value of the wool sold was $58.8 million ($1,461 per bale), taking the season total to $1.392 billion ($1,351 per bale). The number of bales sold at auction this season is now 7.2% greater than in 2019/20.

AWIS Newsletter for week ending 21 March 2021

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