AWIS WOOL MARKET REVIEW
Week Ending 28 May 2021 (Week 48)
The AWEX EMI finished 5¢ higher (+0.4%) in Australian currency and 2¢ lower (-0.2%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 48.
43,940 bales were on offer nationally, compared with 41,857 bales last sale. 11.7% of the offering was passed in after 4.4% of the potential offering was withdrawn prior to sale, leaving 38,808 bales as sold.
AWEX reports that the value of the wool sold was $58.5 million ($1,507 per bale), taking the season total to $1.925 billion ($1,389 per bale). The number of bales sold at auction this season is now 22.0% greater than in 2019/20.
