Week 42 Wool Market Review
AWIS WOOL MARKET REVIEW
Week Ending 16 April 2021 (Week 42)
The AWEX EMI finished at 1291¢, 9¢ lower (-0.7%) in Australian currency and 8¢ higher (+0.8%) in US currency when sales resumed in Sydney, Melbourne and Fremantle after the Easter break.
46,256 bales were on offer nationally, compared with 44,220 bales last sale. 14.2% of the offering was passed in after 7.5% of the potential offering was withdrawn prior to sale. 39,706 bales were sold.
AWEX reports that the value of the wool sold was $56.4 million ($1,420 per bale), taking the season total to $1.558 billion ($1,362 per bale). The number of bales sold at auction this season is now 12.2% greater than in 2019/20.