Week 08 Wool Market Report
AWIS WOOL MARKET REVIEW
Week Ending 27 August 2021 (Week 08) The AWEX EMI finished 15¢ higher (+1.1%) in Australian currency and 9¢ higher (+0.9%) in US currency at sales in Sydney and Melbourne in Week 08. There was no sale in Fremantle. This was because this week is designated as Wool Week when a number of the industry Associations normally hold their Annual General Meetings in Melbourne, and there is break in sales in Fremantle. 28,243 bales were on offer nationally, compared with 32,238 bales last sale. 14.7% of the offering was passed in after 9.5% of the potential offering was withdrawn prior to sale. 24,100 bales were sold. AWEX reports that the value of the wool sold was $37.3 million ($1,548 per bale), taking the season total to $264.0 million ($1,578 per bale). The number of bales sold at auction this season is now 16.5% greater than in 2019/20.