Week 09 Wool Market Review
AWIS WOOL MARKET REVIEW
Week Ending 3 September 2021 (Week 09) The AWEX EMI finished at 1332¢, 18¢ lower (-1.3%) in Australian currency and 2¢ lower (-0.2%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 09. 34,184 bales were on offer nationally, compared with 28,243 bales last sale. 20.4% of the offering was passed in after 8.9% of the potential offering was withdrawn prior to sale. 27,206 bales were sold. AWEX reports that the value of the wool sold was $41.1 million ($1,511 per bale), taking the season total to $305.1 million ($1,569 per bale). The number of bales sold at auction this season is now 20.2% greater than in 2020/21. The New Zealand Merino Company also offered 935 bales in Melbourne on Wednesday, of which 29.6% were passed in.