Week 49 Wool Market Review
AWIS WOOL MARKET REVIEW
Week Ending 4 June 2021 (Week 49)
The AWEX EMI finished 23¢ higher (+1.7%) in Australian currency and 17¢ higher (+1.7%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 49.
The closing EMI of 1343¢ was the highest for the season; and 57% above the minimum of 858¢ in the first week of September.
38,590 bales were on offer nationally, compared with 43,940 bales last sale. 7.4% of the offering was passed in after 6.4% of the potential offering was withdrawn prior to sale. 35,724 bales were sold.
AWEX reports that the value of the wool sold was $57.3 million ($1,604 per bale), taking the season total to $1.983 billion ($1,398 per bale). The year-to-year difference in the number of bales sold at auction this season continues to increase. It is now 23.6% greater than in 2019/20, up from 12.2% after the Easter break.