Week 07 Wool Market Review


Week Ending 20 August 2021 (Week 07) The AWEX EMI continued downwards on Tuesday, but steadied on Wednesday when it moved up by 3¢ at sales in Sydney, Melbourne and Fremantle in Week 07. The closing EMI on Wednesday was 1335¢, 37¢ lower (-2.7%) in Australian currency and 41¢ lower (-4.1%) in US currency. 32,238 bales were on offer nationally, compared with 49,181 bales last sale. Growers responded to the further downward movement in the market when 28.4% of the offering was passed in after 15.2% was withdrawn prior to sale. 23,085 bales were sold. AWEX reports that the value of the wool sold was $33.4 million ($1,447 per bale), taking the season total to $226.7 million ($1,583 per bale). The number of bales sold at auction this season is now 19.3% greater than in 2020/21. The New Zealand Merino Company also offered 2,187 bales in Melbourne on Wednesday in their first sale of the season. 1,533 bales were sold after a Pass-In rate of 29.9%.

AWIS Wool Market Review 20 August 2021 (Week 07)

Read More