Week 47 Wool Market Report
AWIS WOOL MARKET REVIEW
Week Ending 21 May 2021 (Week 47)
The AWEX EMI finished 9¢ higher (+0.7%) in Australian currency and 18¢ higher (+1.8%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 47.
41,857 bales were on offer nationally, compared with 49,771 bales last sale. 10.9% of the offering was passed in after 6.1% of the potential offering was withdrawn prior to sale, leaving 37,300 bales as sold.
AWEX reports that the value of the wool sold was $58.2 million ($1,560 per bale), taking the season total to $1.867 billion ($1,385 per bale). The number of bales sold at auction this season is now 20.4% greater than in 2019/20.