WEEK 46 WOOL MARKET REVIEW
AWIS WOOL MARKET REVIEW
Week Ending 14 May 2021 (Week 46)
The AWEX EMI finished at 1306¢, 13¢ lower (-1.0%) in Australian currency and 12¢ lower (-1.2%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 46.
49,771 bales were on offer nationally, compared with 47,558 bales last sale. 12.0% of the offering was passed in after 4.8% of the potential offering was withdrawn prior to sale, leaving 43,808 bales as sold.
AWEX reports that the value of the wool sold was $66.1 million ($1,509 per bale), taking the season total to $1.809 billion ($1,380 per bale). The number of bales sold at auction this season is now 19.0% greater than in 2019/20 due a combination of larger offerings and a higher clearance rate.